FIS Technical – Nickel Rolling 3 Month

FIS Technical – Nickel Rolling 3 Month

The near-term technical picture is starting to weaken having made a lower low in the market on the break of the fractal support on the 03/01/20.

Price is currently holding the USD 13,625 fractal (swing) support on the back of an oversold intraday technical (intraday momentum indicators would suggest resistance levels should hold). Upside moves above USD 14,350 would support a firming technical picture, however we remain in bear territory below USD 14,526.

 

To view the full report please click on the link