Nickel

Technical outlook

Nickel daily chart has formed “Ascending broadening wedge” pattern. The last few sessions been in bearish trend along with some corrections inside the channel. The market is expected to continue on the bearish term based on the current price action, once the same breaks below a key support holding at 765. The downside rally could be testing all the way through 760-750 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 790-800 levels. Key resistance holds at 800.

Research Report call:

To View subscribe OR become a registered client

Technical outlook

Nickel daily chart has formed “Ascending broadening wedge” pattern. The last few sessions been in bearish trend along with some corrections inside the channel. The market is expected to continue on the bearish term based on the current price action, once the same breaks below a key support holding at 768. The downside rally could be testing all the way through 760-750 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 790-800 levels. Key resistance holds at 800.

Research Report call:

Technical outlook

Nickel daily chart has formed “Ascending broadening wedge” pattern. The last few sessions been in bullish trend along with some corrections inside the channel. The market is expected to continue on the bullish term based on the current price action, once the same breaks above a key resistance holding at 790. The upside rally could be testing all the way through 800-810 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test up to 765-750 levels. Key support holds at 750.

Research Report call:

Technical outlook

Nickel daily chart has formed “Ascending broadening wedge” pattern. The last few sessions been in bullish trend after few negative rallies inside the channel. The market is expected to continue on the bullish term based on the current price action, once the same breaks above a key resistance holding at 790. The upside rally could be testing all the way through 800-810 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test up to 775-760 levels. Key support holds at 760.

Research Report call:

Technical outlook

Nickel daily chart has formed “Ascending broadening wedge” pattern. The last session been in bullish trend after few negative rallies inside the channel. The market is expected to continue on the bullish term based on the current price action, testing all the way through 795-810 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 768, then it might turn bearish once again. The downside rally could test up to 760-750 levels. Key resistance holds at 810.

Research Report call:

Technical outlook

Nickel daily chart has formed “Ascending broadening wedge” pattern. The last few sessions been in bearish trend along with some corrections inside the channel. The market is expected to continue on the bearish term based on the current price action, once the same breaks below a key support holding at 760. The downside rally could be testing all the way through 750-740 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 780-795 levels. Key resistance holds at 795.

Research Report call:

Technical outlook

Nickel daily chart has formed “Ascending broadening wedge” pattern. The last few sessions been in bullish trend after a gap up formation inside the channel. The market is expected to continue on the bullish term based on the current price action, once the same breaks above a key resistance holding at 800. The upside rally could be testing all the way through 810-820 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test up to 780-760 levels. Key support holds at 760.

Research Report call:

Technical outlook

Nickel daily chart has formed “Ascending broadening wedge” pattern. The last session been in bearish trend after few positive rallies inside the channel. The market is expected to continue on the bearish term based on the current price action, testing all the way through 770-760 levels in the upcoming sessions. Alternatively, if the market breaks above a key resistance holding at 795 then it might turn bullish once again. The upside rally could test up to 810-820 levels. Key support holds at 760.

Research Report call:

Technical outlook

Nickel daily chart has formed “Ascending broadening wedge” pattern. The last few sessions been in bullish trend ended up near the channel’s support slope line. The market is expected to continue on the bullish term based on the current price action, once the same breaks above a key resistance holding at 795. The downside rally could be testing all the way through 810-820 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test up to 780-770-760 levels. Key support holds at 760.

Research Report call:

Technical outlook

Nickel daily chart has formed “Ascending broadening wedge” pattern. The last few sessions been in sideways trend ended up near the channel’s support slope line. The market is expected to continue on the bullish term based on the current price action, testing all the way through 780-790-800 levels in the upcoming sessions. Alternatively, if the market breaks below the key support holding at 750 then it might turn bearish once again. The downside rally could test up to 740-730 levels. Key resistance holds at 800.

Research Report call: