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Nickel: break above 12200/12500 still needed to suggest a meaningful recovery

Thursday, July 16, 2015 1:06 AM UTC

Break below 15Y trend has accelerated the down move in Nickel and it has achieved our target (10300). It took support at the perennial graphic level of 10500/200. Nickel has embarked into a rebound but it will take a break above previous lows of 12200/500 for a meaningful recovery to take place.

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Nickel: break above 12200/12500 still needed to suggest a meaningful recovery

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