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Base Metals Technicals: Aluminium & Nickel Tips

Posted: 01 Jan 2019 08:16 PM PST

Aluminium Price Setup for a Big Move Lower

On Dec 31st, 2018, aluminium made 126.25 low and closed at 130.45. Yesterday it opened at 128.6 and closed at 127.95.

Keep your eyes on the 31st low level. Once it shows closing price below 126.25 then sells for 124 – 122 – 120 levels.

Simple Trading Strategy for Nickel

My view on nickel is very similar to aluminium. Nickel hurdle level is 735.
Once it shows closing price below 735 then sells for 726 – 715 – 706 – 700 levels.

Note: sell at recommended levels only.

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