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Technical Forecast for Nickel

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Technical Forecast for Nickel

Nickel only dipped to 14750 before turning higher & made it all the way to 15099. A push higher today runs in to tough resistance at 15222/260 which could cap a bounce this week. However shorts here need stops above 15300 for 15390 then 15510/560.



Failure to beat 15100 sees us back at 15039/000. Any longs here need stops below 14920 for 14800/750. A break below here risks a retest of May lows at 14609. Longs would then need stops below 14600 to target 14120 in the days ahead.

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Posted-In: Technicals Commodities Markets Trading Ideas

 

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