Nickel: Persistent Consolidation Needed For Continuity Of Uptrend
Satendra Singh | Nov 05, 2017 12:06AM ET
On analysis of the movement of Nickel Futures price since my last analysis .
Having a look at the movement in the same chat on November 3rd, 2017, I find that the Nickel futures price seems ready for volatile moves on either side from the current levels after an eruptive move during the Week of October 29th, 2017.
I conclude that the Nickel futures price needs a persistent consolidation at the current level which will confirm beginning of more strong moves during the upcoming weeks amid growing volatility. I conclude expected propositional trading zones for the Week of November 5th, 2017.
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