TraderTroopa

Nickel at the bottom "Technically"

INDEX:SG8D   S&P GSCI Nickel Index
I've been watching Nickel before I left the Death Star since April 2014. As expected when the cup and handle formation was completed last March 2015, I knew this was going to waterfall. May the force be with nickel prices to drop down lower so I can have a oozing margin once I sell this to Yoda. However, strict technical analysis of cup and handle formations show 140 to be the bottom. Will it be respected? Global conditions are still weak. With the dollar rising, I might as well sit on the sidelines and wait for further orders from Darth Vader. Oohla
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