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Base Metals Technical Analysis - Nickel: inflection point

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Nickel: inflection point

 

 
  • James Dima
  • Director - Institutional Sales - Professional Trading Group
  • [email protected]

Nickel: the 200 hour average (blue line) at15853 is a short term area of support. A top of the hour close may attract some technical selling interest.

However, a change in the slope of the line must turn downward to define more of a downtrend.

image-20241126230819-1

Related tags: Base Metals

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