Today's focus: Nickel (XNIUSD)
Pattern – Diagonal Pattern
Support – 15,840
Resistance – 17,198, 18,500
Hi, traders; thanks for tuning in for today's update. Today, we are looking at Nickel on the daily chart.
We have been watching Nickel for a few weeks now, traders, as the consolidation pattern continues to drag out. The shape of the pattern at this point is...
The nickel market has been in disarray in recent weeks as prices soared to unprecedented levels before going on a freefall amid supply concerns and an unexpected short-squeeze by one of the world’s largest steelmakers.
Nickel is one of the most common metal elements in the world used to make stainless steel, batteries, coins, and other metal applications.
How...
4H BUY on Nickel at the Blue Line would have resulted in massive gains!
The Volume Indicator showed that this was on a 4 Hour Uptrend with both PRICE AND VOLUME.
The Fundamentals:
The material used in stainless steel and electric-vehicle batteries surged as much as 111% to $101,365 a ton after closing up 66% the day before. It pared gains to be up 74% at...
Hello my beauties.
This is my idea on Nickel. Uptrend is prevailing and the price stopped to reaccumulate.
If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair.
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Peace.
Luca, TrickleDownFX
Nickel has good resistance at 1,415 per Fibonacci. The buying levels seem around 1,350 to 1,360 levels. Wait for the low and buy on dip is recommended.
