Technical Analysis For Nickel Today 23-07-2019 17:00:03

In 1 hour chart Nickel price continues to trade at 992.7 and above the (Exponential Moving Average)EMA200 value of 955.487 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 955.487 is proving a tough nut to crack.

Pivot (invalidation): 993.967

Our preference: Long positions above 1004.63

Alternative scenario: Below 975.933 look for further downside.

Support Resistance Levels For Nickel Today at 23-07-2019 17:00:03

Pivot: 993.967

Resistance 1: 1004.63

Resistance 2: 1022.67

Resistance 3: 1033.33

Support 1: 975.933

Support 2: 965.267

Support 3: 947.233

Yesterday High Low Close For Nickel

Yesterday High: 1012

Yesterday Low: 983.3

Yesterday Close: 986.6

Today at 23-07-2019 17:00:03 Nickel trading at 992.7 with high of 999 and low of 988.8

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