Nickel Monthly chart..
The long standing higher trendline indicates the overhead resistance and the lower trendline indicates support.
Pivot point is approaching IMO..
The question is, can the price of nickel increase enough to break out of this long term downtrend?
Well the long term technical indicators have certainly improved and Nickel appears to be oversold.
I guess time will tell..
I remain positive.
DYOR crew
and enjoy the charts
CS
MPJ and nickel charts, page-4
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