Nickel Futures price seems to be positioned at the most crucial point and seems ready to decide its further trading zones after constantly taking volatile moves amid a narrow trading range; but it also seems to be a good supportive zone, between $10,234 to $10,687. I find the need of the hour is to keep a strict vigil at the crucial levels before taking a final call.
On analysis of the movement of Nickel futures price in different time zones, I have noted some important levels to be taken care of before taking any position, short or long, in 1 Hr. chart pattern .
I conclude an Expected Propositional Trading Zones for the Week of October 8th, 2017 in 1 Hr. Cart.
Have a Nice Trading Time. Good Luck!
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.
