Nickel Trend Today Technical Analysis for 29-11-2019 17:00:04


In 1 hour chart Nickel price continues to trade at 1025 and below the (Exponential Moving Average)EMA200 value of 1098.95 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 1098.95 is proving a tough nut to crack.

Pivot (invalidation): 1052.53

Our preference: Long positions above 1070.77

Alternative scenario: Below 1016.07 look for further downside.

Support Resistance Levels For Nickel Today at 29-11-2019 17:00:04

Pivot: 1052.53

Resistance 1: 1070.77

Resistance 2: 1107.23

Resistance 3: 1125.47

Support 1: 1016.07

Support 2: 997.833

Support 3: 961.367

Yesterday High Low Close For Nickel

Yesterday High: 1089

Yesterday Low: 1034.3

Yesterday Close: 1034.3

Today at 29-11-2019 17:00:04 Nickel trading at 1025 with high of 1059 and low of 1001

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