Nickel Trend Today Technical Analysis for 04-12-2019 12:00:03

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In 1 hour chart Nickel price continues to trade at 978.8 and below the (Exponential Moving Average)EMA200 value of 1070.85 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 1070.85 is proving a tough nut to crack.

Pivot (invalidation): 991.933

Our preference: Long positions above 1010.07

Alternative scenario: Below 970.067 look for further downside.

Support Resistance Levels For Nickel Today at 04-12-2019 12:00:03

Pivot: 991.933

Resistance 1: 1010.07

Resistance 2: 1031.93

Resistance 3: 1050.07

Support 1: 970.067

Support 2: 951.933

Support 3: 930.067

Yesterday High Low Close For Nickel

Yesterday High: 1013.8

Yesterday Low: 973.8

Yesterday Close: 988.2

Today at 04-12-2019 12:00:03 Nickel trading at 978.8 with high of 981 and low of 976.3

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