Technical Analysis For Nickel Today 30-08-2019 16:00:04

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In 1 hour chart Nickel price continues to trade at 1176 and above the (Exponential Moving Average)EMA200 value of 1116.74 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 1116.74 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 16:00:04

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 16:00:04 Nickel trading at 1176 with high of 1177 and low of 1156

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