When this pattern occurs within a prevailing uptrend, it can signal a very reliable continuation of the uptrend. But NF can also break down here because, volume not increase as expected. We are thinking to target 11000 and then possible to break down 400-600 points.
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Did you read our yesterday’s nickel report? No? Click here
We had written, “Before the weekend, we might see the following levels: 832 – 840 – 850“.
Yesterday, nickel has made 836.9 high. Our first target has come.
Do you think, it will hit the second and third targets? To become a subscriber, subscribe to our free newsletter services. Our service is free for all.
To read our yesterday’s Crude oil report: click here
We had written, “MCX Crude oil and WTI Future will try to push itself upside soon. It can run max up to 3740 – 3800“.
Yesterday crude oil has made 3745 high. Our first target has come.
Our premium subscribers also bought the crude oil. Check the screenshot →
Will it touch the second target (3800) level today or not?
Note: Don’t forget to read again our yesterday’s Gold & Silver report.
As per the last trading session, gold and silver are indicating a short reversal (downside). Once it will over, buy the gold for 32400.
Keep watching silver at 39660 level. While it will crossover and show closing price above level, silver will hit the 40000 (37000). It hurdle is 39240 level.
Crude oil’s New Support: 3600
MCX Crude oil and WTI Future will try to push itself upside soon. It can run max up to 3740 – 3800.
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Before weekend, we might see the following levels: 832 – 840 – 850.
Accurate entry-level and stop loss will update for the subscribers only.
We have updated NF with daily chart. Plotted both side move and range break out level on chart. This typed move will result you very big price move. Traders should be very careful during the break-out of any side.
There are important levels, 10974 and 10775. Breakout any side result you with bigger move. This bigger move can give huge amount of profit in option trade.
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RSI, MACD & S.O advocates for further advance. Crude oil could touch 3560 – 3600 – 3640 – 3700 levels.
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Anyone can buy the nickel for 790 – 792 levels. It may hit 800 level! But do not initiate position after touching above levels.
Why? Because it may explode from there.
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We have found the short term trend over the NF which is intraday between 10878 and 10988 as per chart. Look at the chart.
The support at 10876 nearby, what can keep NF around this level. After breaking. We might see more fall and increase volume to buy PUT 10800 NF strike.
And, another scenario is to act at resistance 10988.
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