Technical Analysis For Nickel Today 29-08-2019 23:00:04

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In 1 hour chart Nickel price continues to trade at 1158.6 and above the (Exponential Moving Average)EMA200 value of 1112.56 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 1112.56 is proving a tough nut to crack.

Pivot (invalidation): 1138.1

Our preference: Long positions above 1166.9

Alternative scenario: Below 1121.2 look for further downside.

Support Resistance Levels For Nickel Today at 29-08-2019 23:00:04

Pivot: 1138.1

Resistance 1: 1166.9

Resistance 2: 1183.8

Resistance 3: 1212.6

Support 1: 1121.2

Support 2: 1092.4

Support 3: 1075.5

Yesterday High Low Close For Nickel

Yesterday High: 1155

Yesterday Low: 1109.3

Yesterday Close: 1150

Today at 29-08-2019 23:00:04 Nickel trading at 1158.6 with high of 1169.7 and low of 1137.1

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