Friday, October 19, 2012

Nickel‏ (LME) intraday: further upside.


Pivot: 17030.
Our preference: LONG positions above 17030 with targets @ 17040 & 17570.
Alternative scenario: The downside penetration of 17030 will call for a slide towards 16820 & 16530.
Comment: the RSI is mixed and calls for caution.



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