Nickel (LME) ST: as long as 16435 is support look

Nickel (LME) ST: as long as 16435 is support look for 19430

XNIUSD

Trading Central 2021-01-13 10:11:04

Our pivot point stands at 16435.

Our preference: as long as 16435 is support look for 19430.

Alternative scenario: below 16435, expect 15510 and 14960.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace in the short term. The price is above its 20 and 50 day moving average (respectively at 17316 and 16518).

Supports and resistances:

20565 **

20000 *

19430 **

18860

17668 last

16795

16435 **

Disclaimer

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