Nickel: An Entry Into Breakout Zone Seems To Attract More Bulls
Satendra Singh | Oct 14, 2017 03:00PM ET
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.
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.