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Tag Archives: Selling pressure

Price rejection after an Upside breakout

Nickel Price action – Interplay of Upside breakout and Selling pressure

By Trading Predator April 27th, 2018 No Comments

Nickel, just like other base metals, had an average performance since the beginning of 2018. Based on MCX prices, metal’s value rose from 750 in the month of Jan and touched 1000 in April. Overall Market sentiment and perception is optimistic in Nickel, but it may change if the recent fall turns into moderate correction.