Technical Analysis For Nickel Today 30-08-2019 12:00:04

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In 1 hour chart Nickel price continues to trade at 1163.5 and above the (Exponential Moving Average)EMA200 value of 1114.41 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 1114.41 is proving a tough nut to crack.

Pivot (invalidation): 1155.27

Our preference: Long positions above 1173.43

Alternative scenario: Below 1140.83 look for further downside.

Support Resistance Levels For Nickel Today at 30-08-2019 12:00:04

Pivot: 1155.27

Resistance 1: 1173.43

Resistance 2: 1187.87

Resistance 3: 1206.03

Support 1: 1140.83

Support 2: 1122.67

Support 3: 1108.23

Yesterday High Low Close For Nickel

Yesterday High: 1169.7

Yesterday Low: 1137.1

Yesterday Close: 1159

Today at 30-08-2019 12:00:04 Nickel trading at 1163.5 with high of 1163.5 and low of 1156

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