Commodity Nickel now hits our 4th Profit Target of 15,226 level set on 3.9.19. Nickel has already met our 1st 3 Profit Targets on 8.11.19. The 4th Profit Target was achieved on 14-Nov-2019.
Now at the time of writing this post Nickel is down from our identified over bought level of 18,805 a massive 4,371 pips. This great fall in Nickel prices is equal to 23.20% in value.
- Commodity Nickel achieved our set 1st Profit Target of 16,688 level on 14.10.2019
- Commodity Nickel achieved our set 2nd Profit Target of 16,080 level on 21.10.2019 and
- Commodity Nickel achieved our set 3rd Profit Target of 15,842 level on 08.11.2019.
- Commodity Nickel achieved our set 4th Profit Target of 15,226 level on 14.11.2019.
Now Nickel is trading at a price level of 14,573. This price level is interesting as it is now playing with the 200 period exponential moving average (shown by the Aqua coloured line).
If the price of Nickel is closing above the 200 period exponential moving average and its high is taken out then we can expect a bounce up for Nickel. Else it can slide to 14,372, 13,888, 13,157, 12,433 or even up to 12,021 and 11,608 levels.
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Our Proprietary Commodity Trading Strategy will guide you through Our Powerful Market Analysis Method every step of your trading in a commodity like Nickel for buying and selling to explore the possibility of earning extra income. Learn what all other Commodities we are Trading in our Commodity Trading Asset Class. Develop yourself as a professional trader capable of capturing extra income in the future with us.
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Our post dated 11.11.2019 when Commodity Nickel hits our 1st 3 Profit Targets:
Commodity Nickel came down 3001 points to hit our all 3 Profit Targets set on 3.9.19. We did it repeatedly again: Commodity Nickel reached all 3 of our set Profit Targets as we predicted in our Blog Post dated 03.09.2019. If you remember, we achieved the same success in spot Gold as per our blog post dated August, 12 2019.
This demonstrates the effectiveness and consistency of our Proprietary Commodity Trading (for predicting Price Objectives (Profit Targets) from current technical analysis) which actually proving itself to work repeatedly as we are successfully demonstrating for last so many years here in our free to public blog posts.
In our blog post dated 03.09.2019 we wrote for Commodity Nickel’s Profit Targets when it was making all time highs, “If the price of Nickel is coming back and closing below the Standard Error Channel on a monthly basis and its low is taken out then the price objectives for Nickel can be found at 16,688 level, 16,080 level, 15,842 level and 15,226 level”. So we set the 3 Profit Targets from shorting the said market as 16,688, 16,080 and 15,842 level.
And magically Commodity Nickel, after our blog post, came down 3001 points to reach all the 3 of our set Profit Targets as shown below:
Commodity Nickel achieved our predictive 3 Profit Targets on the following dates after our blog post dated 03.09.2019:
- Commodity Nickel achieved our set Profit Target of 16,688 level on 14.10.2019
- Commodity Nickel achieved our set Profit Target of 16,080 level on 21.10.2019 and
- Commodity Nickel achieved our set Profit Target of 15,842 level on 08.11.2019.
To Trade like a pro and do a predictive technical analysis in any of the asset classes, you want to consider for buying or selling, get trained by us. Do not delay any further, join now. You will come to know the difference between professional trading and the amateur way.
Learn how to trade Commodity Nickel for buying or selling as a commodity with us to explore the possibility of earning passive income keeping your day job. Commodity Nickel Market can be traded through our proprietary technical analysis Method of Market Analysis as an trading instrument.
Our Proprietary Commodity Trading Strategy will guide you through Our Powerful Market Analysis Method every step of your trading in a commodity like Nickel for buying and selling to explore the possibility of earning extra income. Learn what all other Commodities we are Trading in our Commodity Trading Asset Class. Develop yourself as a professional trader capable of capturing extra income in the future with us.
To know how to Trade these type of Markets through Our Prop Trading Method in future, please book your 30 minutes FREE session with us at Level 3, 2 Brandon Park Drive, Wheelers Hill, Victoria 3150.
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Our post dated 03.09.2019 for Commodity Nickel’s Profit Targets:
Is Nickel over-extended while making All Time High? Let us find it out through this blog post.
At the time of writing this post, Nickel (NI) is trading at around 18,500 level as shown below in the price chart for Nickel. The all time high for the commodity Nickel was 16,688 printed in the month of April 2018.
Nickel touches (tested) the above mentioned price level of 16,688 very recently, only on the last month, on 8th of August 2019, to be precise and promptly came back a little to the price level of 15,023 on Monday the 12th of August 2019. A sweet correction of 1,675 points (10.03%) in just 3 days.
From that swing low of 15,023, Nickel jumped up and convincingly broke the previous all time high, the price level of 16,688 absolutely recently, only on the last day of the month, on Friday the 30th of August 2019, to be precise. Today the date is 3rd of September 2019 and Nickel has moved up in last 3 days a humongous 2,459 points (equivalent to 15.01%).
Now the all important question: is Nickel over-extended while making All Time High?
To get an answer to the posted question, let us dig further by performing the following tasks:
1. Analyze Nickel’s price action through Standard Error Channel and
2. Project the price if certain technical things take place.
Lets do it one at a time:
1. Analyze Nickel’s price action through Standard Error Channel: To know whether the price action of Nickel is over-extended or not we drew a Standard Error Channel from the swing low of February 2016 till date. As demonstrated in the chart, price had got support in the Standard Error Channel on the following dates:
a) May 2017, June 2017, July 2017 and again on
b) November 2018, December 2018, January 2019 and lastly on
c) May 2019, June 2019, July 2019.
So we can say that the channel is a good fit so far. The only time price did close above the Standard Error Channel was on May 2018 when it faced resistance and came back immediately to test the lower channel. Now for the second time, close price of Nickel is above the Standard Error Channel and that happened on 30 august 2019. It is now interesting to observe whether the price of Nickel is getting resistance beyond the top of the channel as it did face the same on May 2018. If it happens so in recent future then we need to see that the price of Nickel closing below the Standard Error Channel and coming back to test the low of the channel.
2. Project the price if certain technical things take place: If the price of Nickel is coming back and closing below the Standard Error Channel on a monthly basis and its low is taken out then the price objectives for Nickel can be found at 16,688 level, 16,080 level, 15,842 level and 15,226 level. If not then Nickel can continue to print higher highs.
Trade like a pro and do a predictive technical analysis in any of the asset classes, you want to consider for buying or selling, when you are trained by us.
Learn how to trade Commodity Nickel for buying or selling as a commodity or currency with us to explore the possibility of earning passive income keeping your day job. Commodity Nickel Market can be traded through our proprietary technical analysis Method of Market Analysis as an trading instrument.
Our Proprietary Commodity Trading Strategy will guide you through Our Powerful Market Analysis Method every step of your trading in a commodity like Commodity Nickel for buying/ selling and explore the possibility of earning extra income. Learn what all other Commodities we are Trading in our Commodity Trading Asset Class. Develop yourself as a professional trader capable of capturing extra income in the future with us.
To know how to Trade these type of Markets through Our Prop Trading Method in future, please book your 30 minutes FREE session with us at Level 3, 2 Brandon Park Drive, Wheelers Hill, Victoria 3150.
Please click on the Contact Us link: Goo.Gl/2SRZoG
Call us on +61 3 9790 6476
email: [email protected]
