MCX NICKEL 1 KG 1 MONTH
- MCX NICKEL currently facing strong golden ratio fibonacci retracement and strong trend line resistance around 1195 , technical chart indicates once Nickel closes above its golden ratio and stays above then Nickel looks good for next 1-2 days.
- Close watch intraday we can see some action once Nickel starts trading above 1195.
- Suggested Reading - Weakness expecting if MCX CRUDE OIL Closes below 5933.
- Daily chart also indicates Nickel trading above 20 days moving average, as long as hold above Nickel will favor bulls.
- Weekly chart indicates Nickel moving up from strong 50% fibonacci retracement support (as shown above in weekly chart) that too will favor bulls.
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