Technical Analysis For Nickel Today 18-07-2019 18:00:04

In 1 hour chart Nickel price continues to trade at 1020.3 and above the (Exponential Moving Average)EMA200 value of 928.293 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 928.293 is proving a tough nut to crack.

Pivot (invalidation): 980.7

Our preference: Long positions above 1005.8

Alternative scenario: Below 964.9 look for further downside.

Support Resistance Levels For Nickel Today at 18-07-2019 18:00:04

Pivot: 980.7

Resistance 1: 1005.8

Resistance 2: 1021.6

Resistance 3: 1046.7

Support 1: 964.9

Support 2: 939.8

Support 3: 924

Yesterday High Low Close For Nickel

Yesterday High: 996.5

Yesterday Low: 955.6

Yesterday Close: 990

Today at 18-07-2019 18:00:04 Nickel trading at 1020.3 with high of 1028.7 and low of 1015.4

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