Friday, September 13, 2013

Nickel‏ (LME) intraday: under pressure.

Pivot: 13850.

Our preference: SHORT positions below 13850 with 13660 & 13600 as next targets.

Alternative scenario: The upside breakout of 13850 will open the way to 14000 & 14080.

Comment: as long as 13850 is resistance, expect a return to 13660.


USDCHF Technical Analysis - Sell at 0.9955

USDCHF made a nice bull move from 0.9716 to 0.9990. Then USDCHF drops from over bought zone. USDCHF is trading below its 20 period MA on 4h ...