Nickel Trend Today Technical Analysis for 08-11-2019 21:00:04

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In 1 hour chart Nickel price continues to trade at 1164.5 and below the (Exponential Moving Average)EMA200 value of 1194.21 and keeps its stability below until now, while 1 hour MACD Of 12,26,9 is in Sell 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 1194.21 is proving a tough nut to crack.

Pivot (invalidation): 1173.97

Our preference: Long positions above 1178.83

Alternative scenario: Below 1166.13 look for further downside.

Support Resistance Levels For Nickel Today at 08-11-2019 21:00:04

Pivot: 1173.97

Resistance 1: 1178.83

Resistance 2: 1186.67

Resistance 3: 1191.53

Support 1: 1166.13

Support 2: 1161.27

Support 3: 1153.43

Yesterday High Low Close For Nickel

Yesterday High: 1181.8

Yesterday Low: 1169.1

Yesterday Close: 1171

Today at 08-11-2019 21:00:04 Nickel trading at 1164.5 with high of 1178.6 and low of 1160.2

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