Nickel Trend Today Technical Analysis for 11-02-2020 20:00:03

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In 1 hour chart Nickel price continues to trade at 953.8 and below the (Exponential Moving Average)EMA200 value of 965.161 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 965.161 is proving a tough nut to crack.

Pivot (invalidation): 945.333

Our preference: Long positions above 950.067

Alternative scenario: Below 939.267 look for further downside.

Support Resistance Levels For Nickel Today at 11-02-2020 20:00:03

Pivot: 945.333

Resistance 1: 950.067

Resistance 2: 956.133

Resistance 3: 960.867

Support 1: 939.267

Support 2: 934.533

Support 3: 928.467

Yesterday High Low Close For Nickel

Yesterday High: 951.4

Yesterday Low: 940.6

Yesterday Close: 944

Today at 11-02-2020 20:00:03 Nickel trading at 953.8 with high of 960.3 and low of 949.5

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