Nickel Pullback mode

Adjacent chart shows price movement of MCX Nickel continuous contract. It was trading in a downward sloping channel. However, it has broken out from the channel. Currently, it is in a pullback mode. On the way up, it can see pullback towards 710 – 735 levels in the coming trading sessions. On the way down,680 – 670 will act as a support. Dips can be seen as a buying opportunity as long as it is trading above the swing low of 665. The momentum indicator has turned bullish.


Shubhlaxmi Commodity is a Free portal where you are provided with all market such as Commodity stock and futures and live market prices and live charts and Free support and resistance level

Post A Comment: