The nickel market has been in disarray in recent weeks as prices soared to unprecedented levels before going on a freefall amid supply concerns and an unexpected short-squeeze by one of the world’s largest steelmakers.
Nickel is one of the most common metal elements in the world used to make stainless steel, batteries, coins, and other metal applications.
How...
Hello my beauties.
This is my idea on Nickel. Uptrend is prevailing and the price stopped to reaccumulate.
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Luca, TrickleDownFX
Nickel _CFD Starts sideways
Nickel_MCX in Range
Breaking 1,375 confirms the down trend. Buy on low is recommended for the current scenario with strict stop loss.Bullish trend seems above 1,446 only 👍🏻👍🏻
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I am not sure how widespread interest in Nickel is, my interest in Nickel is;
- It is a valuable metal that is in demand as the world turns towards electrification (Nickel currently has a low proportion of its demand ~3% from batteries and ~70% from steel-making but EVS. Vehicle manufacturers are turning towards much higher proportion of...
KRRGF is crossing over the dashed blue resistance line with positive gold outlook going forward. Nickel still in play, but pockets of gold and expansion timing with higher gold prices optimistic play over skiddish stocks in play. Bought more from Royal Nickel days after Eric Sprott bought in as major investor, if you don't know who he is, you should. Weekly
Intraday Commodity Future Buy NICKEL SEP @1124-1125 SL 1121 TGT 1132
Reason:
Above VWAP and if it stays then we can see more upside there is already TK cross over and MACD cross over as well.
Intraday Commodity Future Sell NICKEL AUG @1037-1038 SL 1043.50 TGT 1027
TK cross over on the downside
MACD bearish cross over
Icihmoku cloud break down
