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Sensex: 34142.1 +322.60 Gold: Rs.30514.00
Nifty: 10491 +108.30 Silver: Rs.38380.00
Technical outlook of commodities for Sept 13 -
Technical outlook of commodities for Sept 13
Way2wealth | Published: 13 Sep, 2017  | Source :

Nickel  prices rebounded  after  testing  the trend  line supports  during  Tuesday’s session and ended at 760.20. The   prices   are   still   moving   within   the   rising   trend channel  and ahead if the prices managed to  hold above 745 mark,  then the it will  once  again  bounce  till  the resistance of 800 then 818 levels. Hence,we recommend buying around 752 for the targets of 780 then 800 levels.

In line with  expectation, natural gas prices  surged higher till  195.40 in the  last  session and  ended  at  192.80. The  commodity  is  moving toward  the  neckline  resistance  of  197, breach of the will confirms the  bullish break out of  Inverted H  &  S  pattern.  Thus,for  the day  we  advise  buying on  a break of 197 for the  targets of 205  then 208.   

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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor accept any liability whatsoever arising from the use of any of the above contents.