In 1 hour chart Nickel price continues to trade at 1165.2 and above the (Exponential Moving Average)EMA200 value of 1111.59 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 1111.59 is proving a tough nut to crack.
Pivot (invalidation): 1138.1