FIS Technical – Nickel Rolling 3 Month

A bearish trend with price holding below all key moving averages and making lower lows and lower highs.

Intraday momentum is showing a bullish divergence on the 4-hour chart with daily momentum indicators in oversold territory, indicating price could be about to form a base.

A close above USD 13,475 would support a near-term counter trend move whilst price above above USD 14,161, would neutralise the current bear wave down that started on the 25/11/19.

 

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