Nickel Trend Today Technical Analysis for 12-02-2020 16:00:03

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In 1 hour chart Nickel price continues to trade at 946.6 and below the (Exponential Moving Average)EMA200 value of 963.447 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 963.447 is proving a tough nut to crack.

Pivot (invalidation): 953.567

Our preference: Long positions above 957.633

Alternative scenario: Below 946.833 look for further downside.

Support Resistance Levels For Nickel Today at 12-02-2020 16:00:03

Pivot: 953.567

Resistance 1: 957.633

Resistance 2: 964.367

Resistance 3: 968.433

Support 1: 946.833

Support 2: 942.767

Support 3: 936.033

Yesterday High Low Close For Nickel

Yesterday High: 960.3

Yesterday Low: 949.5

Yesterday Close: 950.9

Today at 12-02-2020 16:00:03 Nickel trading at 946.6 with high of 953.7 and low of 942.4

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