Since my last analysis, Nickel Futures seem to be facing stiff resistance due to growing pressure from a strong dollar during the Week of January 28th, 2017, which points to downward moves during the week ahead due to expected upward move in USD from lower levels. On the other hand, I find a downward move from the current level will definitely provide good opportunity for the bulls. I expect Nickel futures price to trade in propositional zones for the Week of February 4, 2018.
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