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Nickel: An Entry Into Breakout Zone Seems To Attract More Bulls

Published 10/14/2017, 03:00 PM
Updated 07/09/2023, 06:31 AM
MNKc1
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Nickel Futures price seems ready to take off for higher zones as I have already noted in my last analysis

No doubt, Nickel futures price has already entered into the breakout zone and ready to consolidate before moving towards higher swing zone which further seems to be an easily achievable next target very soon. Any sudden downward move will definitely be a good opportunity, after observing the levels of downward move to settle down, to go long for the upcoming weeks.

On analysis of the movement of Nickel futures price in different time zones since the submission of my last analysis on October 9th, 2017, I conclude some expected propositional trading zones for the Week of October 15th, 2017.

Have A Nice Trading Time.

Disclosure: This content is for information and educational purposes only and should not be considered investment advice or an investment recommendation. Past performance is not an indication of future results. All trading carries risk. Only risk capital you are prepared to lose.

Nickel futures price 1 Hr. Chart - Decisive Trading Zones - Noted On October 9th, 2017

Nickel futures price 4 Hr. Chart - Expected Propositional Trading Zone For The Week Of October 15th, 2017

Nickel futures price Daily Chart - Expected Propositional Trading Zone For The Week Of October 15th, 2017

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