Technical Analysis For Nickel Today 12-07-2019 17:00:04

In 1 hour chart Nickel price continues to trade at 912.5 and above the (Exponential Moving Average)EMA200 value of 893.634 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 893.634 is proving a tough nut to crack.

Pivot (invalidation): 915.267

Our preference: Long positions above 918.833

Alternative scenario: Below 910.933 look for further downside.

Support Resistance Levels For Nickel Today at 12-07-2019 17:00:04

Pivot: 915.267

Resistance 1: 918.833

Resistance 2: 923.167

Resistance 3: 926.733

Support 1: 910.933

Support 2: 907.367

Support 3: 903.033

Yesterday High Low Close For Nickel

Yesterday High: 919.6

Yesterday Low: 911.7

Yesterday Close: 914.5

Today at 12-07-2019 17:00:04 Nickel trading at 912.5 with high of 914.4 and low of 905.4

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