Nickel : Technical View : 18.11.2019
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On the daily chart, the price drifted by 0.95% in the last session.
Moreover, the price has shifted below the Ichimoku Cloud, which adds pressure in the
counter.
Additionally, the prices have formed a series of lower highs and lower lows which confirms
the downtrend.
Also, Momentum indicator Stochastic (6) has shown a negative crossover, which indicates
bearishness.
As per the above technical structure; we expect bearish move in the counter.
Moreover, the price has shifted below the Ichimoku Cloud, which adds pressure in the
counter.
Additionally, the prices have formed a series of lower highs and lower lows which confirms
the downtrend.
Also, Momentum indicator Stochastic (6) has shown a negative crossover, which indicates
bearishness.
As per the above technical structure; we expect bearish move in the counter.