Technical Analysis For Nickel Today 13-08-2019 23:00:04

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In 1 hour chart Nickel price continues to trade at 1124.3 and above the (Exponential Moving Average)EMA200 value of 1054.69 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 1054.69 is proving a tough nut to crack.

Pivot (invalidation): 1120.13

Our preference: Long positions above 1128.87

Alternative scenario: Below 1112.77 look for further downside.

Support Resistance Levels For Nickel Today at 13-08-2019 23:00:04

Pivot: 1120.13

Resistance 1: 1128.87

Resistance 2: 1136.23

Resistance 3: 1144.97

Support 1: 1112.77

Support 2: 1104.03

Support 3: 1096.67

Yesterday High Low Close For Nickel

Yesterday High: 1127.5

Yesterday Low: 1111.4

Yesterday Close: 1121.5

Today at 13-08-2019 23:00:04 Nickel trading at 1124.3 with high of 1137.3 and low of 1117.1

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