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.
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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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