Nickel

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, testing all the way through 925-940 and furthermore levels in the upcoming sessions. Alternatively, if the market breaks below the key support zone holding at 895 then it might turn bearish once again. The downside rally could test up to 870 levels. Key resistance holds at 940.

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Technical outlook

Nickel daily chart has formed “Ascending broadening wedge” pattern. The last few sessions been in bearish trend retesting near the channel’s support slope line. The market is expected to continue on the bearish term, once the same breaks below a key support zone holding at 900. The downside rally could be testing all the way through 880 and furthermore 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 940 levels. Key resistance holds at 940.

Research Report call:

Technical outlook

Nickel daily chart has formed “Ascending broadening wedge” pattern. The last few sessions been in bearish trend retesting near the channel’s support slope line. The market is expected to continue on the bearish term, once the same breaks below a key support zone holding at 910. The downside rally could be testing all the way through 900 and furthermore 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 945 levels. Key resistance holds at 945.

Research Report call:

Technical outlook

Nickel daily chart has formed “Ascending broadening wedge” pattern. The last few sessions been in consolidation retesting near the channel’s support slope line. The market is expected to continue on the bearish term, once the same breaks below a key support zone holding at 920. The downside rally could be testing all the way through 910 and furthermore 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 955 levels. Key resistance holds at 955.

Research Report call:

Technical outlook

Nickel daily chart has formed “Ascending broadening wedge” pattern. The last few sessions been in consolidation retesting near the channel’s support slope line. The market is expected to continue on the bearish term, once the same breaks below a key support zone holding at 925. The downside rally could be testing all the way through 920-910 and furthermore 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 960 levels. Key resistance holds at 960.

Research Report call:

Technical outlook

Nickel daily chart has formed “Ascending broadening wedge” pattern. The last session been in consolidation retesting near the channel’s support slope line. The market is expected to continue on the bullish term, once the same breaks above a key resistance zone holding at 945. The upside rally could be testing all the way through 960-975 and furthermore 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 915 levels. Key support holds at 915.

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, once the same breaks below a key support zone holding at 940. The downside rally could be testing all the way through 930-920 and furthermore 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 960 levels. Key resistance holds at 960.

Research Report call:

Technical outlook

Nickel daily chart has formed “Ascending broadening wedge” pattern. The last few sessions been in bullish trend after retesting near the channel’s support slope line. The market is expected to continue on the bullish term, once the same breaks above a key resistance zone holding at 965. The upside rally could be testing all the way through 975-985 and furthermore 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 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 been in bullish trend after retesting near the channel’s support slope line. The market is expected to continue on the bullish term, once the same breaks above a key resistance zone holding at 945. The upside rally could be testing all the way through 955-965 and furthermore 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 920 levels. Key support holds at 920.

Research Report call:

Technical outlook

Nickel daily chart has formed “Ascending broadening wedge” pattern. The last session been in bullish trend after retesting a key support zone inside the channel. The market is expected to continue on the bullish term, testing all the way through 955 and furthermore levels in the upcoming sessions. Alternatively, the market might also have a chance on giving a small correction over negative momentum. The downside rally could test up to 915 levels. Key resistance holds at 955 and support at 915.

Research Report call: