Nickel LME- (Price figures in $/Ton)
Cover short position at 9925-9597 range as the opportunity arises.
Expect rise towards 9943-10047.
Stochastic exit the oversold zone therefore near term rise can happen towards 10047 or above.
Weekly Level for LME Nickel
STRATEGY
|
CLOSE
|
DRV
|
TREND
|
Trend Price
|
Trend Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Cover short
|
9925
|
10770
|
DOWN
|
16335
|
12.12
|
9597
|
9822
|
9943
|
10047
|
10272
|
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