Nickel Trend Today Technical Analysis for 12-11-2019 21:00:05


In 1 hour chart Nickel price continues to trade at 1141.9 and below the (Exponential Moving Average)EMA200 value of 1188.05 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 1188.05 is proving a tough nut to crack.

Pivot (invalidation): 1147.93

Our preference: Long positions above 1160.37

Alternative scenario: Below 1127.77 look for further downside.

Support Resistance Levels For Nickel Today at 12-11-2019 21:00:05

Pivot: 1147.93

Resistance 1: 1160.37

Resistance 2: 1180.53

Resistance 3: 1192.97

Support 1: 1127.77

Support 2: 1115.33

Support 3: 1095.17

Yesterday High Low Close For Nickel

Yesterday High: 1168.1

Yesterday Low: 1135.5

Yesterday Close: 1140.2

Today at 12-11-2019 21:00:05 Nickel trading at 1141.9 with high of 1144.5 and low of 1134.2

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