Nickel Trend Today Technical Analysis for 06-11-2019 12:00:04

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In 1 hour chart Nickel price continues to trade at 1175.8 and below the (Exponential Moving Average)EMA200 value of 1203.76 and keeps its stability below until now, while 1 hour MACD Of 12,26,9 is in Buy mode. Therefore, we will keep our Sell overview conditioned by the price stability below

However, if Nickel continues to trade below level, that could be an extraordinarily Bearish sign for Nickel

Even so, the 200-candle Exponential moving average (EMA) price range of 1203.76 is proving a tough nut to crack.

Pivot (invalidation): 1171.37

Our preference: Long positions above 1176.23

Alternative scenario: Below 1166.03 look for further downside.

Support Resistance Levels For Nickel Today at 06-11-2019 12:00:04

Pivot: 1171.37

Resistance 1: 1176.23

Resistance 2: 1181.57

Resistance 3: 1186.43

Support 1: 1166.03

Support 2: 1161.17

Support 3: 1155.83

Yesterday High Low Close For Nickel

Yesterday High: 1176.7

Yesterday Low: 1166.5

Yesterday Close: 1170.9

Today at 06-11-2019 12:00:04 Nickel trading at 1175.8 with high of 1178.7 and low of 1172.3

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