Technical Analysis For Nickel Today 11-07-2019 19:00:04
In 1 hour chart Nickel price continues to trade at 917.5 and above the (Exponential Moving Average)EMA200 value of 890.918 and keeps its stability above until now, while 1 hour MACD Of 12,26,9 is in Sell mode. Therefore, we will keep our Buy overview conditioned by the price stability above
However, if Nickel continues to trade above level, that could be an extraordinarily Bullish sign for Nickel
Even so, the 200-candle Exponential moving average (EMA) price range of 890.918 is proving a tough nut to crack.
Pivot (invalidation): 912.267
Our preference: Long positions above 919.533
Alternative scenario: Below 908.033 look for further downside.
Support Resistance Levels For Nickel Today at 11-07-2019 19:00:04
Pivot: 912.267
Resistance 1: 919.533
Resistance 2: 923.767
Resistance 3: 931.033
Support 1: 908.033
Support 2: 900.767
Support 3: 896.533
Yesterday High Low Close For Nickel
Yesterday High: 916.5
Yesterday Low: 905
Yesterday Close: 915.3
Today at 11-07-2019 19:00:04 Nickel trading at 917.5 with high of 919.6 and low of 912.9
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