Way2Wealth has come out with its report on Nickel, Gold, and Soya Oil.
GOLD-M NOV: 27923- It is forming a triangular pattern of which it has completed wave D up and with a daily negative close wave E down has ensued which has a target of 27350 on the lower side. The resistance on the upside is now pegged at 28225.
NICKEL SEP: 940.30- It has broken a bearish head and shoulders pattern on its weekly charts. The target on the lower side is 860 in the medium term and 900. The resistance is pegged at 975 levels. The momentum indicators too are in favor of bears only.
Ref. Soya oil OCT: 648.75-It has broken the ending diagonal pattern indicating that a medium term top is in place. Hence, the best strategy is to go short in it as the risk reward is quite favorable for the bears. The resistance on the upside is at 657 and the target is 634-626.
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To read the full report click on the attachment
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