Nickel Seems Ready To Lead Base Metals During The Week Of July 22nd, 2018
Satendra Singh | Jul 22, 2018 08:27AM ET
On analysis of the movement of Nickel Futures, I find that the reflection of growing indecisiveness due to escalating concerns for a tariff trade war is evident enough for raising unexpected directional moves in Nickel futures during the upcoming week. Nickel futures look ready for a steep reversal from the current level. Amid the growing geopolitical concerns for tariff trade war, even a single positive step would provide strong boost to Nickel bulls. On analysis of the Nickel futures in different time frames, I’ve found some advance signals of eruption of a strong technical bounce in Nickel futures during the upcoming week. I find that the Nickel futures are likely to lead a rally in base metals. I expect the following trading zones for Nickel futures for the Week of July 22nd, 2018. To understand the following charts in detail subscribe my YouTube channel .
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