Nickel

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 920. 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 once again. The downside rally could test up to 900-880 levels. Key support holds at 880.

Research Report call:

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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 902. The upside rally could be testing all the way through 910-920 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test up to 875-860 levels. Key support holds at 860.

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 895. The upside rally could be testing all the way through 900-910 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test up to 870-860 levels. Key support holds at 860.

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 888. The upside rally could be testing all the way through 900-910 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test up to 870-860 levels. Key support holds at 860.

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 860. The downside rally could be testing all the way through 850-840 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish once again. The upside rally could test up to 880-900 levels. Key resistance 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 and consolidated 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 890-900 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 870 then it might turn bearish once again. The downside rally could test up to 860-850 levels. 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 865. The downside rally could be testing all the way through 860-850 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 885-900 levels. 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 880. The downside rally could be testing all the way through 870-860 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 900-920 levels. 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 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 886. 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 levels. 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 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 915. The downside rally could be testing all the way through 900-890 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 935-950 levels. Key resistance holds at 950.

Research Report call: