Technical Analysis For Nickel Today 12-07-2019 23:00:04
In 1 hour chart Nickel price continues to trade at 932.8 and above the (Exponential Moving Average)EMA200 value of 895.225 and keeps its stability above until now, while 1 hour MACD Of 12,26,9 is in Buy 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 895.225 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 23:00:04
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 23:00:04 Nickel trading at 932.8 with high of 934.2 and low of 905.4
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