Saturday 31 December 2016

COMMODITY TRENDS FOR MONDAY

Nickel:
The Nickel is in perfect downtrend. The oscillator is on SELL signal and Nickel is coming down from overbought level .In last 1 month volatility is very less and fresh sell can be considered in the Nickel if it close above  685.80 or sell with strict stop at  708. The oscillator is on SELL signal and Nickel is coming down from overbought level for short term the current position is sell .Position ally Support for the Nickel is 704 immediate resistances for Nickel is 681.

8817002233

Resistance & Support
Resistance
Support
                         704
681

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