Nickel

Technical outlook

Nickel daily chart has formed “Right angled Descending 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 870. The downside rally could be testing all the way through 865-855 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 890-900 level. Key resistance holds at 900.

Research Report call:

To View subscribe OR become a registered client

Technical outlook

Nickel daily chart has formed “Right angled Descending 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 870. The downside rally could be testing all the way through 865-855 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 890-900 level. Key resistance holds at 900.

Research Report call:

Technical outlook

Nickel daily chart has formed “Right angled Descending 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 885. The downside rally could be testing all the way through 880-870 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 900-910 level. Key resistance holds at 910.

Research Report call:

Technical outlook

Nickel daily chart has formed “Right angled Descending 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, once the same breaks below a key support holding at 890. The downside rally could be testing all the way through 880-870 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 910-920 level. Key resistance holds at 920.

Research Report call:

Technical outlook

Nickel daily chart has formed “Right angled Descending 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 905. The upside rally could be testing all the way through 915-920 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 890-880 level. Key support holds at 880.

Research Report call:

Technical outlook

Nickel daily chart has formed “Right angled Descending 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, once the same breaks above a key resistance holding at 910. The upside rally could be testing all the way through 920-930 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 890-880 level. Key support holds at 880.

Research Report call:

Technical outlook

Nickel daily chart has formed “Right angled Descending 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 885. The downside rally could be testing all the way through 880-870 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 910-920 level. Key resistance holds at 920.

Research Report call:

Technical outlook

Nickel daily chart has formed “Right angled Descending broadening wedge” pattern. The last few sessions been in sideways trend along with some corrections inside the channel. The market is expected to continue on the bearish term based on the current price action, testing all the way through 900 and furthermore levels in the upcoming sessions. Alternatively, if the market breaks above a key resistance holding at 920 then it might turn bullish once again. The upside rally could test up to 930 level. Key support holds at 900.

Research Report call:

Technical outlook

Nickel daily chart has formed “Right angled Descending 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 925. The upside rally could be testing all the way through 930-940 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 910-900 level. Key support holds at 900.

Research Report call:

Technical outlook

Nickel daily chart has formed “Right angled Descending 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, once the same breaks above a key resistance holding at 925. The upside rally could be testing all the way through 930-940 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 910-900 level. Key support holds at 900.

Research Report call: