Preliminary indications suggest past couple of months corrective rally to now be close to completion. Take a look at my full report for full details
The bull run in Nickel looks to be over with a spiked reversal completed. Expect rather volatile two way action in the near term but would not expect rallies to prove sustainable.
Nickel is now approaching our upside objective area set in the 22000 area where resistance should be encountered and prices at least pause for breath. See full report for details
The main bull cycle in Niclel resumes with next targets set around 22000
Still consider the underlying technical outlook to be much improved with recent sharp falls to have been healthy corrective action only.
The Aluminium and Nickel have positive technical readings with basing patterns completed. However, copper remains rather bearish with immediate strength still considered to be corrective action to the heavy march falls.