It takes a significant amount of energy for building a more substantial percentage of trends in either direction. Nickel is one of those commodities, which has gained a great amount of energy from very lower levels to the higher level.
As, It is an expectation that we can see a larger upside trend in Nickel in the coming weeks & months again, but it all depends upon energy and balance, which can push this commodity again on the upside.
First, the Important level to watch will be 901 on a weekly basis any close below that will nullify this expectation, and the second Important level to watch on will be 963 close above that will add more clues to this expectation.
Note: Above mention Price projection & other Information are for educational purposes only.
