On analysis of the movement of Nickel Futures price since my last analysis , I find the Nickel Futures price seems to have completed consolidation phase and ready to take a decisive move from the current levels. It seems ready to move downward first from the current levels due to upcoming reversal in US dollar from the lower levels, it will definitely provide good opportunities to go long, but be careful and strictly go ahead with strict stop loss orders.
On analysis of the movement of Nickel futures price since submission of my last analysis, I conclude an expected propositional trading zone for the Week of January 28th, 2018.
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