Mcx nickel weekly-nickel future achieved all swing targets 720-738-765 and 787

Mcx nickel weekly technical forecast for 14 to 18 November 2016 Mcx nickel weekly technical forecast for 14 to 18 November 2016 Mcx nickel future this week closed with strong gain. This week nickel prices rallied one way and achieved all its swing targets on upside. Closed at 759 with strong correction on last trading session.   Mcx nickel for next week outlook remain bearish blow 765 and expect correction to continue towards 740 and 718 levels. Above 765 expect upside up to 787 and 800+ once again. In commodity market volatility will remain high and trading will be not easy.   Mcx nickel form long term view given bullish breakout at 701 level and now heading towards target of 860 and above.

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Pramod Baviskar

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