Friday, May 29, 2009

Nickel is back in action!!!

Nickel prices went into a deep consolidation/basing out pattern for the last 8 months. Price is now above all significant DMA levels.

If prices are able to close above 13700 for the week, it would be bullish. Nickel can rise to 17500 - 18000 range on a sustained breakout above this level.

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