After minted money in Nickel, now it’s time for Natural Gas. Natural gas is heading towards 300 levels. Traders should keep an eye on 284 levels.
Minted money in Nickel or Not???
We clearly indicated buying in Nickel with a stop loss below 1380 levels.
Nickel has an immediate hurdle at 1450 while support at 1410.
Let's discuss about Natural Gas
Natural gas is forming a Flag candlestick pattern on the daily chart and hurdle at 284 while support at 263.
Two consecutive closes above 284 will take Natural Gas to 310—325+++ level in days to come
Fresh downside panic we will see on a close below 263 levels on a closing basis.
Recommendation: Buy Natural Gas above 284. Add more lot around 275. Stop loss below 263 on a closing basis. Target 310—325