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Nickel

23 Jul 2021 ‚óŹ 03:30 AM

Nickel surpassed the recent highs and is heading higher. The next Fibonacci calculation points towards 19905 where wave iii will be equal to wave i and once that is surpassed, the up move stretch higher towards 20950 i.e. 161.8% of wave i. On the down, the recent swing low of 18277 will now be a crucial support level to watch out for. As Nickel rises higher, the daily momentum indicator will once again turn bullish and the bulls will then have an upper hand. The 20dma support is at 18532

 

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