Thursday, October 18, 2012

Nickel‏ (LME) intraday: bounce.


Pivot: 17030.
Our preference: LONG  positions above 17030 with 17340 & 17570 as next targets.
Alternative scenario: The downside penetration of 17030 will call for 16820 & 16530.
Comment: the RSI is above its neutrality area at 50%.



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