Nickel

Technical outlook

Nickel daily chart has formed “Rising channel” pattern. The last session ended up bearish in trend retesting near the previous support slope line of the channel which has been already broken out. The market is expected to continue on the bearish trend, testing all the way through 1000-990 levels in the upcoming sessions. Alternatively, if the market breaks above a key resistance holding at 1025 then it might turn to overall bullish once again. The upside rally could test 1040-1060 levels. Key resistance holds at 1060.

Research Report call:

Technical outlook

Nickel daily chart has formed “Rising channel” pattern. The last session ended up bullish in trend as the prices have already broken out the channel’s support slope line. The market is expected to continue on the bullish trend, testing all the way through 1030-1040-1060 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 990 then it might turn to overall bearish. The downside rally could test 970-950 levels. Key resistance holds at 1060.

Research Report call:

Technical outlook

Nickel daily chart has formed “Rising channel” pattern. The last few sessions ended up bearish in trend as the prices have broken out the channel’s support slope line. The market is expected to continue on the bearish trend, once the same breaks below a key support holding at 990. The downside rally could test all the way through 980-970 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 1015-1030 levels. Key resistance holds at 1030.

Research Report call:

Technical outlook

Nickel daily chart has formed “Rising channel” pattern. The last few sessions ended up bearish candle and closed on channel’s support slope line 1016. The market is expected to continue on the bearish trend, once the same breaks below a key support holding at 1016. The downside rally could test all the way through 1000-985 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 1040-1060 levels. Key resistance holds at 1060.

Research Report call:

Technical outlook

Nickel daily chart has formed “Rising channel” pattern. The last few sessions ended up bearish in trend retesting the channel’s support slope line. The market is expected to continue on the bearish trend, once the same breaks below a key support holding at 1025. The downside rally could test all the way through 1015-990 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 1040-1060 levels. Key resistance holds at 1060.

Research Report call:

Technical outlook

Nickel daily chart has formed “Rising channel” pattern. The last session ended up bearish in trend retesting the channel’s support slope line. The market is expected to continue on the bearish trend, once the same breaks below a key support holding at 1025. The downside rally could test all the way through 1015-990 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 1040-1060 levels. Key resistance holds at 1060.

Research Report call:

Technical outlook

Nickel daily chart has formed “Rising channel” pattern. The last session ended up bullish in trend retesting the channel’s support slope line. The market is expected to continue on the bullish trend, once the same breaks above a key resistance holding at 1060. The upside rally could test all the way through 1070-1080 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 1045-1035 levels. Key support holds at 1035.

Research Report call:

Technical outlook

Nickel 4hr chart has formed “Rising channel” pattern. The last session ended up bearish in trend as the prices have broken out the channel’s support slope line. The market is expected to continue on the bearish trend, testing all the way through 1015-1000 levels in the upcoming sessions. Alternatively, if the market breaks above the key resistance zone near 1045 then it might turn bullish. The upside rally could test 1050-1060 levels. Key resistance holds at 1060.

Research Report call:

Technical outlook

Nickel daily chart has formed “Rising wedge” pattern. The last session ended up bearish in trend retesting the channel’s support slope line. The market is expected to retest the key support zone near 1030 and turn bullish, testing all the way through 1045-1060 levels in the upcoming sessions. Alternatively, if the market breaks below the key support zone 1030 then it might turn bearish. The downside rally could test 1020-1000 levels. Key resistance holds at 1060.

Research Report call:

Technical outlook

Nickel daily chart has formed “Rising wedge” pattern. The last session ended up retesting the channel’s support slope line. The market is expected to continue on bullish momentum, testing all the way through 1050-1060 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 1030 then it might turn bearish. The downside rally could test 1020-1000 levels. Key resistance holds at 1060.

Research Report call:

Technical outlook

Nickel daily chart has formed “Rising channel” pattern. The last few sessions ended up consolidated but bearish in trend inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 1035. The downside rally could test all the way through 1025-1015 levels in the upcoming sessions. Alternatively, if the support holds strong then the market might retest the same and turn bullish. The upside rally could test 1050-1065 levels. Key resistance holds at 1065.

Research Report call:

Technical outlook

Nickel daily chart has formed “Ascending broadening wedge” pattern. The last session ended up consolidated but bearish in trend inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 1030. The downside rally could test all the way through 1020-1015 levels in the upcoming sessions. Alternatively, if the support holds strong then the market might retest the same and turn bullish. The upside rally could test 1050-1070 Key resistance holds at 1070.

Research Report call:

Technical outlook

Nickel 4hr chart has formed “Ascending broadening wedge” pattern. The last session ended up bullish in trend inside the channel. The market is expected to continue on a bullish momentum, testing all the way through 1060-1080 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 1040 inside the channel, then it might turn bearish once again. Key resistance holds at 1080.

Research Report call:

Technical outlook

Nickel 4hr chart has formed “Ascending broadening wedge” pattern. The last session ended up bullish in trend near the channel’s resistance slope line. The market is expected to continue on a bullish momentum, once the same breaks above a key resistance holding at 1038. The upside rally could test all the way through 1045-1050 levels in the upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 1030-1020 levels. Key support holds at 1020.

Research Report call:

Technical outlook

Nickel 4hr chart has formed “Rising channel” pattern. The last session ended up bullish in trend near the channel’s resistance slope line. The market is expected to continue on a bullish momentum, once the same breaks above a key resistance holding at 1033. The upside rally could test all the way through 1040-1050 levels in the upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 1025-1015 levels. Key support holds at 1015.

Research Report call:

Technical outlook

Nickel hourly chart has formed “Rising channel” pattern. The last session ended up retesting near the channel’s resistance slope line. The market is expected to continue on a bearish momentum, testing all the way through 1015-995 levels in the upcoming sessions. Alternatively, if the market breaks above the key resistance holding at 1025 then it might turn bullish. The upside rally could test 1030-1035 levels. Key support holds at 995.

Research Report call:

Technical outlook

Nickel hourly chart has formed “Rising channel” pattern. The last session ended up retesting near the channel’s resistance slope line. The market is expected to continue on a bearish momentum, testing all the way through 1005-995 levels in the upcoming sessions. Alternatively, if the market breaks above the key resistance holding at 1018 then it might turn bullish. The upside rally could test 1025-1035 levels. Key support holds at 995.

Research Report call:

Technical outlook

Nickel hourly chart has formed “Rising channel” pattern. The last session ended up bearish in trend inside the channel. The market is expected to continue on a bearish momentum, once the same breaks below a key support holding at 1000. The downside rally could test all the way through 990-980 levels in the upcoming sessions. Alternatively, if the support holds strong then the market might retest the same and turn bullish. The upside rally could test 1010-1015 levels. Key resistance holds at 1015.

Research Report call:

Technical outlook

Nickel 4hr chart has formed “Rising channel” pattern. The last session ended up retesting the channel’s support slope line. The market is expected to continue on a bullish momentum, testing all the way through 1000-1015 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 988 then it might turn bearish. The downside rally could test 980-970 levels. Key resistance holds at 1015.

Research Report call:

Technical outlook

Nickel daily chart has formed “Rising wedge” pattern. The last session ended up retesting the channel’s resistance slope line. The market is expected to continue on a bearish momentum, once the same breaks below a key support holding at 980. The downside rally could test all the way through 970-960 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 1000-1015 levels. Key resistance holds at 1015.

Research Report call:

Technical outlook

Nickel daily chart has formed “Rising channel” pattern. The last session ended up bullish in trend after retesting the key support inside the channel. The market is expected to continue on a bullish momentum, once the same breaks above a key resistance holding at 1020. The upside rally could test all the way through 1030-1050 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 1000-985 levels. Key support holds at 985.

Research Report call:

Technical outlook

Nickel hourly chart has formed “Rectangle chart” pattern. The last session ended up bullish in trend retesting the key support holding at 985. The market is expected to continue on a bullish momentum, testing all the way through 1000-1005 levels in the upcoming sessions. Alternatively, if the market breaks below the key support then it might have a chance on turning overall bearish. Key resistance holds at 1005.

Research Report call:

Technical outlook

Nickel hourly chart has formed “Rising channel” pattern. The last session ended up bullish in trend retesting the channel’s support slope line. The market is expected to continue on a bullish momentum, once the same breaks above a key resistance holding at 1008. The upside rally could test all the way through 1010-1015 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 1005-990 levels. Key support holds at 990.

Research Report call:

Technical outlook

Nickel 4hr chart has formed “Ascending broadening wedge” pattern. The last few sessions ended up bullish in trend retesting the channel’s support slope line. The market is expected to continue on a bullish momentum, once the same breaks above a key resistance holding at 1003. The upside rally could test all the way through 1010-1015 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 990-980 levels. Key support holds at 980.

Research Report call:

Technical outlook

Nickel 4hr chart has formed “Rising channel” pattern. The last session ended up bearish in trend as the prices have broken out the channel’s support slope line. The market is expected to continue on a bearish momentum, once the same breaks below a key support holding at 990. The downside rally could test all the way through 980-970 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 1000-1010 levels. Key resistance holds at 1010.

Research Report call:

Technical outlook

Nickel hourly chart has formed “Rising channel” pattern. The last session ended up retesting near the channel’s support slope line. The market is expected to continue on a bearish momentum, once the same breaks below a key support holding at 985. The downside rally could test all the way through 970-950 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 995-1005 levels. Key resistance holds at 1005.

Research Report call:

Technical outlook

Nickel daily chart has formed “Rising wedge” pattern. The last few sessions ended up bullish in trend near the channel’s resistance slope line. The market is expected to continue on a bullish momentum, once the same breaks above a key resistance holding at 990. The upside rally could test all the way through 1000-1020 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 970-950 levels. Key support holds at 950.

Research Report call:

Technical outlook

Nickel daily chart has formed “Rising wedge” pattern. The last session ended up bullish in trend after a long consolidation in the previous sessions. The market is expected to continue on a bullish momentum, once the same breaks above a key resistance holding at 980. The upside rally could test all the way through 990-1000 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 970-950 levels. Key support holds at 950.

Research Report call:

Technical outlook

Nickel daily chart has formed “Ascending broadening wedge” pattern. The last few sessions ended up consolidated still inside the channel. The market is expected to retest a key resistance holding at 950 and turn bearish. The downside rally could test all the way through 940-925 levels in the upcoming sessions. Alternatively, if the market breaks above the key resistance then it might turn bullish. The upside rally could test 960-980 levels. Key support holds at 925.

Research Report call:

Technical outlook

Nickel daily chart has formed “Ascending broadening wedge” pattern. The last few sessions ended up consolidated still inside the channel. The market is expected to continue on a bearish momentum, testing all the way through 925-915-900 levels in the upcoming sessions. Alternatively, if the market breaks above a key resistance holding at 950 then it might turn bullish. Key support holds at 900.

Research Report call:

Technical outlook

Nickel daily chart has formed “Ascending broadening wedge” pattern. The last few sessions ended up consolidated inside the channel. The market is expected to continue in bullish momentum, testing all the way through 945-955 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 925 then it might turn bearish. The downside rally could test 915-900 levels. Key resistance holds at 955.

Research Report call:

Technical outlook

Nickel daily chart has formed “Ascending broadening wedge” pattern. The last few sessions ended up consolidated inside the channel. The market is expected to continue in bearish momentum, once the same breaks below the key support holding at 925. The downside rally could test all the way through 915-900 levels in the upcoming sessions. Alternatively, if the support holds strong then the market might retest the same and turn bullish once again. The upside rally could test 940-950 levels. Key resistance holds at 950.

Research Report call:

Technical outlook

Nickel daily chart has formed “Ascending broadening wedge” pattern. The last few sessions ended up consolidated inside the channel. The market is expected to continue in bullish momentum, once the same breaks above the key resistance holding at 950. The upside rally could test all the way through 960-975 levels in the upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test 940-925 levels. Key support holds at 925.

Research Report call:

Technical outlook

Nickel daily chart has formed “Ascending broadening wedge” pattern. The last few sessions ended up consolidated inside the channel. The market is expected to continue in bullish momentum, once the same breaks above the key resistance holding at 940. The upside rally could test all the way through 950-975 levels in the upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test 925-915 levels. Key support holds at 915.

Research Report call:

Technical outlook

Nickel 4hr chart has formed “Right angled broadening & ascending triangle” pattern. The last session ended up consolidated inside the channel. The market is expected to continue in bullish momentum, once the same breaks above the key resistance holding at 940. The upside rally could test all the way through 960-980 levels in the upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test 925-915 levels. Key support holds at 915.

Research Report call:

Technical outlook

Nickel 4hr chart has formed “Falling wedge” pattern. The last session ended up consolidated near the channel’s resistance slope line. The market is expected to continue in bullish momentum, once the same breaks above the key resistance holding at 940. The upside rally could test all the way through 960-980 levels in the upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test 925-915 levels. Key support holds at 915.

Research Report call:

 Technical outlook

Nickel 4 H chart has formed “Falling wedge pattern” The last few sessions ended bearish momentum and slowly downside extended towards 910-900, Resistance line indicating at 930, If break and close above then small pullback rally continue to reach 940.

Research Report call:

 Technical outlook

Nickel daily chart has formed “Topping Chart Pattern” The last few sessions ended up bearish in trend as the prices has holding nearby support line at 923. The market is expected to continue in take consolidating and support line reacted previous resistance line at 920 once break below then more selling pressure expected at towards 900-875 level in coming trading session. Alternatively, Today we expected small pullback to reach 933-945 level.

Research Report call:

 Technical outlook
Nickel daily chart has formed “Rising wedge” pattern. The last few sessions ended up bearish in trend as the prices have already broken out the channel’s resistance slope line. The market is expected to continue in take consolidating and support line reacted previous resistance line at 920,As we expected range already retested 925-920 levels. Alternatively, Today we expected small pullback to reach 960-973.The upside rally could test 955-970 levels. Key support at holds 915

Research Report call:

Technical outlook

Nickel daily chart has formed “Rising wedge” pattern. The last few sessions ended up consolidated as the prices have already broken out the channel’s resistance slope line. The market is expected to continue in bullish momentum, testing all the way through 960-980 levels in the upcoming sessions. Alternatively, if the market breaks below the key support holding at 915 then it might turn bearish once again. The downside rally could test 900-870 levels. Key resistance at holds 980.

Research Report call:

Technical outlook

Nickel daily chart has formed “Rising wedge” pattern. The last few sessions ended up bearish in trend as the prices have already broken out the channel’s resistance slope line. The market is expected to continue in bearish momentum, testing all the way through 925-915 levels in the upcoming sessions. Alternatively, if the market breaks above the key resistance holding at 950 then it might turn bullish. The upside rally could test 955-970 levels. Key support at holds 915.

Research Report call:

Technical outlook

Nickel daily chart has formed “Rising channel” pattern. The last few sessions ended up bearish in trend as the prices have already broken out the channel’s resistance slope line. The market is expected to continue in bearish momentum, once the same breaks below the key support holding at 940. The downside rally could test all the way through 925-900 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 955-970 levels. Key resistance at holds 970.

Research Report call:

Technical outlook

Nickel daily chart has formed “Rising channel” pattern. The last session ended up consolidated but bullish in trend as the prices have already broken out the channel’s resistance slope line. The market is expected to continue in bullish momentum, testing all the way through 995-1010 levels in the upcoming sessions. Alternatively, if the market breaks below the key support holding at 970 then it might turn bearish. The downside rally could test 955-940 levels. Key resistance at holds 1010.

Research Report call:

Technical outlook

Nickel daily chart has formed “Rising wedge” pattern. The last session ended up bearish in trend as the prices have already broken out the channel’s resistance slope line. The market is expected to continue in bearish momentum, once the same breaks below the key support holding at 990. The downside rally could test all the way through 970-950 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 1020-1050 levels. Key resistance at holds 1050.

Research Report call:

Technical outlook

Nickel daily chart has formed “Ascending channel” pattern. The last few sessions ended up strongly bullish in trend as the prices have broken out the channel’s resistance slope line. The market is expected to continue in bullish momentum, testing all the way through 1025-1050 and further more levels in the upcoming sessions. Alternatively, if the market breaks below the previous resistance level which is now support at 975 then it might turn to bearish momentum. Near Key resistance at holds 1050.

Research Report call:

Technical outlook

Nickel daily chart has formed “Bullish rectangle chart” pattern. The last few sessions ended up bullish in trend as the prices have already broken out the pattern’s horizontal resistance line. The market is expected to continue in bullish momentum, testing all the way through 950-970 levels in the upcoming sessions. Alternatively, if the market breaks below the previous resistance level which is now support at 910 then it might turn to bearish momentum. Key resistance at holds 970.

Research Report call:

Technical outlook

Nickel daily chart has formed “Bullish rectangle chart” pattern. The last few sessions ended up bullish in trend as the prices have broken out the pattern’s horizontal resistance line. The market is expected to continue in bullish momentum, testing all the way through 940-950-970 levels in the upcoming sessions. Alternatively, if the market breaks below the previous resistance level which is now support at 910 then it might turn to bearish momentum. Key resistance at holds 970.

Research Report call:

Technical outlook

Nickel daily chart has formed “Bearish megaphone chart” pattern. The last session ended up bullish in trend as the prices have broken out the channel’s resistance slope line. The market is expected to retest a major resistance holding at 910 and turn bearish. The downside rally could test all the way through 900-890 levels in the upcoming sessions. Alternatively, if the market breaks above the resistance level then it might continue in bullish momentum. The upside rally could test 920-930 levels. Key support at holds 890.

Research Report call:

Technical outlook

Nickel daily chart has formed “Bearish megaphone chart” pattern. The last session ended up retesting near the channel’s resistance slope line. The market is expected to retest a major resistance holding at 900 and turn bearish. The downside rally could test all the way through 890-880 levels in the upcoming sessions. Alternatively, if the market breaks above the resistance level then it might continue in bullish momentum. The upside rally could test 910-920 levels. Key support at holds 880.

Research Report call:

Technical outlook

Nickel daily chart has formed “Desending megaphone chart” pattern. The last few sessions ended up bullish in trend as the prices have broken out the channel’s resistance slope line. The market is expected to continue in bullish momentum, once the same breaks above the key resistance holding at 900. The upside rally could test all the way through 910-915 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 895-890 levels. Key support at holds 890.

Research Report call:

Technical outlook

Nickel daily chart has formed “Bearish megaphone chart” pattern. The last few sessions ended up bullish in trend near the channel’s resistance slope line. The market is expected to retest the resistance level holding at 890 and turn bullish. The downside rally could test all the way through 880-870 levels in the upcoming sessions. Alternatively, if the market breaks above the resistance level then it might continue in bullish momentum. The upside rally could test 900-910 levels. Key support at holds 870.

Research Report call:

Technical outlook

Nickel daily chart has formed “Rectangle chart” pattern. The last few sessions ended up bullish in trend inside the channel. The market is expected to continue in bullish momentum, once the same breaks above a key resistance holding at 880. The upside rally could test all the way through 890-900 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 865-850 levels. Key support holds at 850.

Research Report call:

Technical outlook

Nickel daily chart has formed “Rectangle chart” pattern. The last session has formed a “Hammer” candlestick pattern which could be read as a trend reversal one. The market is expected to continue in bearish momentum, once the same breaks below a key support holding at 850. The downside rally could test all the way through 845-838 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 860-870-885 levels. Key resistance holds at 885.

Research Report call:

Technical outlook

Nickel daily chart has formed “Falling wedge” pattern. The last session has formed an “Inverse hammer” candlestick pattern which could be read as a trend reversal one. The market is expected to continue in bullish momentum by retesting a key support holding at 855. The upside rally could extend all the way through 870-880 levels in the upcoming sessions. Alternatively, if the market breaks below the key support then it might turn bearish once again. The downside rally could test 840-830 levels. Key resistance holds at 880.

Research Report call:

Technical outlook

Nickel daily chart has formed “Falling wedge” pattern. The last few sessions ended up bearish in trend by retesting the channel’s resistance slope line. The market is expected to continue in bearish momentum, once the same breaks below a key support holding at 855. The downside rally could test all the way through 845-830 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 865-880 levels. Key resistance at 880.

Research Report call:

Technical outlook

Nickel daily chart has formed “Descending broadening wedge” pattern. The last session ended up bearish retesting near a key resistance level holding at 885. The market is expected to continue in bearish momentum, testing all the way through 870-860 levels in the upcoming sessions. Alternatively, if the market breaks above the key resistance then it might turn bullish once again. The upside rally could test 890-900 levels. Key support holds at 860.

Research Report call:

Technical outlook

Nickel daily chart has formed “Descending channel” pattern. The last few sessions been bullish in trend. The market is expected to continue in bullish momentum, once the same breaks above a key resistance holding at 880. The upside rally could test all the way through 885-890 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 870-860 levels. Key support holds at 860.

Research Report call:

Technical outlook

Nickel daily chart has formed “Falling channel” pattern. The last session been a gap up one and bullish in trend. The market is expected to continue in bullish momentum, once the same breaks above a key resistance holding at 875. The upside rally could test all the way through 880-890 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 860-850 levels. Key support holds at 850.

Research Report call:

Technical outlook

Nickel daily chart has formed “Rectangle chart” pattern. The last session ended up bearish in trend after the retest near the key support level near 830. The market is expected to retest the key support once again and turn bullish. The upside rally could test all the way through 850-860 levels in the upcoming sessions. Alternatively, if the market breaks below the support level then it might continue in bearish momentum. The downside rally could test 820-810 levels. Key resistance holds at 860.

Research Report call:

Technical outlook

Nickel hourly chart has formed “Falling wedge” pattern. The last session ended up bullish in trend after retesting the key support level holding near 830. The market is expected to continue in bullish momentum, once the same breaks above a key resistance holding at 843. The upside rally could test the way through 850-860 levels in the upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 830-823 levels.

Research Report call: