Nickel Trend Today Technical Analysis for 02-12-2019 18:00:04


In 1 hour chart Nickel price continues to trade at 1007.5 and below the (Exponential Moving Average)EMA200 value of 1090.15 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 1090.15 is proving a tough nut to crack.

Pivot (invalidation): 1028.33

Our preference: Long positions above 1055.67

Alternative scenario: Below 997.667 look for further downside.

Support Resistance Levels For Nickel Today at 02-12-2019 18:00:04

Pivot: 1028.33

Resistance 1: 1055.67

Resistance 2: 1086.33

Resistance 3: 1113.67

Support 1: 997.667

Support 2: 970.333

Support 3: 939.667

Yesterday High Low Close For Nickel

Yesterday High: 1059

Yesterday Low: 1001

Yesterday Close: 1025

Today at 02-12-2019 18:00:04 Nickel trading at 1007.5 with high of 1010.3 and low of 998.4

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