Nickel

Technical outlook

Nickel 4hr chart has formed “Descending broadening wedge” pattern. The last session ended up bearish in trend retesting near the channel’s resistance slope line. The market is expected to continue on the same trend, be testing all the way through 940-935 levels in the upcoming sessions. Alternatively, if the market breaks above a key resistance holding at 955 then it might turn bullish once again. The upside rally could test around 960-970 levels. Key support holds at 935.

Research Report call:

Technical outlook

Nickel 4hr chart has formed “Descending broadening wedge” pattern. The last session ended up bullish in trend rallying towards the channel’s resistance slope line. The market is expected to continue on the same trend, be testing all the way through 955-965 levels in the upcoming sessions. Alternatively, the market might also have a chance on giving a small correction over negative momentum. The correction rally could test around 940-935 levels. Key resistance holds at 965 and support at 915.

Research Report call:

Technical outlook

Nickel daily chart has formed “Rising channel” pattern. The last session ended up consolidated but bearish in trend retesting near the channel’s support slope line. The market is expected to continue on the bearish momentum, once the same breaks below the key support zone holding at 920. The downside rally could be testing all the way through 910-900 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 940-960 levels. Key resistance holds at 960.

Research Report call:

Technical outlook

Nickel daily chart has formed “Rising channel” pattern. The last few sessions ended up consolidated but bearish in trend after retesting near an interim resistance slope line inside the channel. The market is expected to continue on the bearish momentum, testing all the way through 925-910 levels in the upcoming sessions. Alternatively, if the market breaks above a key resistance zone currently holding at 960 then it might turn bullish. The upside rally could test 980-1000 levels. Key support holds at 910.

Research Report call:

Technical outlook

Nickel daily chart has formed “Rising channel” pattern. The last few sessions ended up consolidated but bearish in trend retesting near an interim resistance slope line inside the channel. The market is expected to continue on the bearish momentum, testing all the way through 925-910 levels in the upcoming sessions. Alternatively, if the market breaks above a key resistance zone currently holding at 960 then it might turn bullish. The upside rally could test 980-1000 levels. Key support holds at 910.

Research Report call:

Technical outlook

Nickel daily chart has formed “Rising channel” pattern. The last session ended up consolidated but bearish in trend inside the channel. The market is expected to continue on the bearish momentum, testing all the way through 935-910 levels in the upcoming sessions. Alternatively, if the market breaks above a key resistance zone currently holding at 965 then it might turn bullish. The upside rally could test 980-1000 levels. Key support holds at 910.

Research Report call:

Technical outlook

Nickel daily chart has formed “Rising channel” pattern. The last session been bearish in trend after few positive rallies inside the channel. The market is expected to continue on the bearish momentum, testing all the way through 940-920-910 levels in the upcoming sessions. Alternatively, if the market breaks above a key resistance zone currently holding at 965 then it might turn bullish. The upside rally could test 980-1000 levels. Key support holds at 910.

Research Report call:

Technical outlook

Nickel daily chart has formed “Rising channel” pattern. The last few sessions been bullish in trend after retesting near the channel’s support slope line. The market is expected to continue on the bullish momentum, testing all the way through 970-980 levels in the upcoming sessions. Alternatively, if the market breaks below a key support zone currently holding at 950 then it might turn bearish. The downside rally could test 935-920 levels. Key resistance holds at 980.

Research Report call:

Technical outlook

Nickel daily chart has formed “Rising channel” pattern. The last few sessions ended up bullish in trend after retesting near the channel’s support slope line. The market is expected to continue on the bullish momentum, once the same breaks above a key resistance holding at 955. The upside rally could be testing all the way through 960-975 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 940-920 levels. Key support holds at 920.

Research Report call:

Technical outlook

Nickel daily chart has formed “Rising channel” pattern. The last few sessions ended up bullish in trend after retesting near the channel’s support slope line. The market is expected to continue on the bullish momentum, testing all the way through 950-960 levels in the upcoming sessions. Alternatively, the market might also have a chance on giving a small correction over negative momentum. The correction rally could test 935-925 levels. Key resistance holds at 960 and support at 910.

Research Report call: