Nickel Trend Today Technical Analysis for 03-12-2019 13:00:03

by wealthmann

December 3, 2019

4

In 1 hour chart Nickel price continues to trade at 1007.3 and below the (Exponential Moving Average)EMA200 value of 1082.54 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 1082.54 is proving a tough nut to crack.

Pivot (invalidation): 1008.17

Our preference: Long positions above 1017.93

Alternative scenario: Below 1000.63 look for further downside.

Support Resistance Levels For Nickel Today at 03-12-2019 13:00:03

Pivot: 1008.17

Resistance 1: 1017.93

Resistance 2: 1025.47

Resistance 3: 1035.23

Support 1: 1000.63

Support 2: 990.867

Support 3: 983.333

Yesterday High Low Close For Nickel

Yesterday High: 1015.7

Yesterday Low: 998.4

Yesterday Close: 1010.4

Today at 03-12-2019 13:00:03 Nickel trading at 1007.3 with high of 1013.8 and low of 1006.5