Nickel Long Term Positional View 14-Dec-2014

Nickel Analysis 14-Dec-2014
Swing High: 2247
Swing Low: 453

Retracement Levels: 857, 1137 (done), 1350, 1561, 1719, 1862, 2247 (100%).

If Nickel Supported by 453, 787, I expect 1660.
If Nickel Supported by 787 upside targets are: 1279, 1394, 1583, 1660.
If Nickel supported by 899, upside targets are: 1279, 1394, 1506, 1578, 1695.

Nickel High Level Chart

Short Term:

If crude supported by 1010.60, I expect 1066, 1073, 1093-1100, 1113.
Breakout Levels: 1010/1067.


Based on My Weekly Chart,
Retracement Levels: 875, 1137 (done), 1350, 1561, 1719, 1862.

If Nickel supported by 453, 787, 899, I expect 1279 and 1332 first.
My Targets are: 1279, 1328-1332, 1407, 1539, 1664-1666, 1871-1875, 1998, 2204.

If Nickel supported by 899, I expect 1279, 1392-1394, 1466, 1506, 1578-1583, 1695.


My Targets are: 1279, 1328-1332, 1392-1394, 1407, 1466, 1506, 1578-1583, 1664-1666, 1695, 1790, 1871-1875, 1998, 2204.
My Ultimate targets are: 1279, 1580, 1690, 1870, 2204.



Trade Idea:
Buy Nickel on dips with Strict SL 1009. Below 1009, my short term view will be changed.

TRADE AT YOUR RISK.