Technical Analysis For Nickel Today 17-07-2019 15:00:04

by wealthmann

July 17, 2019

93

In 1 hour chart Nickel price continues to trade at 977 and above the (Exponential Moving Average)EMA200 value of 913.394 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 913.394 is proving a tough nut to crack.

Pivot (invalidation): 962.367

Our preference: Long positions above 981.533

Alternative scenario: Below 942.033 look for further downside.

Support Resistance Levels For Nickel Today at 17-07-2019 15:00:04

Pivot: 962.367

Resistance 1: 981.533

Resistance 2: 1001.87

Resistance 3: 1021.03

Support 1: 942.033

Support 2: 922.867

Support 3: 902.533

Yesterday High Low Close For Nickel

Yesterday High: 982.7

Yesterday Low: 943.2

Yesterday Close: 961.2

Today at 17-07-2019 15:00:04 Nickel trading at 977 with high of 979.4 and low of 955.6