Nickel Trend Today Technical Analysis for 04-12-2019 15:00:04

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In 1 hour chart Nickel price continues to trade at 985.5 and below the (Exponential Moving Average)EMA200 value of 1068.18 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 1068.18 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 15:00:04

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 15:00:04 Nickel trading at 985.5 with high of 985.6 and low of 976.3

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