Nickel Report

Technical outlook

Nickel April daily Chart has formed "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 830 levels in the upcoming sessions. Alternatively, if the market breaks above a key resistance holding at 870 then it might turn bullish once again. The upside rally could test up to 900 level. Key support holds at 830.

Technical outlook

Nickel April daily Chart has formed "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 835 levels in the upcoming sessions. Alternatively, if the market breaks above a key resistance holding at 868 then it might turn bullish once again. The upside rally could test up to 900 level. Key support holds at 835.

Technical outlook

Nickel April daily Chart has formed "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 bullish term based on the current price action, once the same breaks above a key resistance holding at 870. The upside rally could be testing all the way through 890-910 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 835 level. Key support holds at 835.

Technical outlook

Nickel April daily Chart has formed "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 bullish term based on the current price action, once the same breaks above a key resistance holding at 872. The upside rally could be testing all the way through 890-910 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 840 level. Key support holds at 840.

Technical outlook

Nickel April daily Chart has formed "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 bullish term based on the current price action, once the same breaks above a key resistance holding at 868. The upside rally could be testing all the way through 890-910 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 820 level. Key support holds at 820.

Technical outlook

Nickel April daily Chart has formed "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 bullish term based on the current price action, once the same breaks above a key resistance holding at 880. The upside rally could be testing all the way through 900-920 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 820 level. Key support holds at 820.

Technical outlook

Nickel April daily Chart has formed "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 bullish term based on the current price action, once the same breaks above a key resistance holding at 872. The upside rally could be testing all the way through 890-910 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 820 level. Key support holds at 820.

Technical outlook

Nickel March daily Chart has formed "Falling 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, once the same breaks below a key support holding at 838. The downside rally could be testing all the way through 820-800 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 level. Key resistance holds at 880.

Technical outlook

Nickel March daily Chart has formed "Falling 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 bullish term based on the current price action, once the same breaks above a key resistance holding at 866. The upside rally could be testing all the way through 880-900 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 825 level. Key support holds at 825.

Technical outlook

Nickel March daily Chart has formed "Falling 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 bullish term based on the current price action, once the same breaks above a key resistance holding at 860. The downside rally could be testing all the way through 880-900 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 810 level. Key support holds at 810.