Technical outlook
Nickel July daily Chart has formed "Rising wedge" pattern. The last session been in bearish trend but retesting near the channel’s support line. The market is expected to revise the trend to bullish based on the current retesting price action, testing all the way up to 980 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 952, then the market might turn bearish/sideways mode. Key resistance holds at 980.