Technical Analysis For Nickel Today 14-08-2019 20:00:04

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In 1 hour chart Nickel price continues to trade at 1117.8 and above the (Exponential Moving Average)EMA200 value of 1062.93 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 1062.93 is proving a tough nut to crack.

Pivot (invalidation): 1123.97

Our preference: Long positions above 1130.83

Alternative scenario: Below 1110.63 look for further downside.

Support Resistance Levels For Nickel Today at 14-08-2019 20:00:04

Pivot: 1123.97

Resistance 1: 1130.83

Resistance 2: 1144.17

Resistance 3: 1151.03

Support 1: 1110.63

Support 2: 1103.77

Support 3: 1090.43

Yesterday High Low Close For Nickel

Yesterday High: 1137.3

Yesterday Low: 1117.1

Yesterday Close: 1117.5

Today at 14-08-2019 20:00:04 Nickel trading at 1117.8 with high of 1142.8 and low of 1102.5

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