"NICKEL" Commodity CFD Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the "NICKEL" Commodity CFD market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. Be wealthy and safe trade.💪🏆🎉
Entry 📈 : Traders & Thieves with New Entry A bull trade can be initiated on the MA level breakout of 16130.000
However I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest.
Stop Loss 🛑: Using the 2H period, the recent / nearest low or high level.
Goal 🎯: 16500.000 (or) Escape Before the Target
Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
Fundamental Outlook 📰🗞️
The Nickel commodity CFD is expected to move in a bullish direction, driven by several key factors.
BULLISH FACTORS:
Supply Constraints: The global nickel supply is expected to be constrained due to production disruptions and declining ore grades at major mines.
Increasing Demand: The demand for nickel is expected to increase, driven by the growing demand for stainless steel and electric vehicle batteries.
China's Nickel Imports: China's nickel imports are expected to increase, which could support nickel prices.
Indonesian Export Ban: Indonesia's export ban on nickel ore is expected to reduce global supply and support nickel prices.
Technical Analysis: The nickel chart is showing a bullish trend, with a potential target of $20,000 - $22,000 per ton.
UPCOMING FUNDAMENTAL ANALYSIS:
Chinese Economic Data: The upcoming Chinese economic data, including GDP growth and industrial production, is expected to show a strong economy, which could support nickel demand.
US Economic Data: The upcoming US economic data, including GDP growth and durable goods orders, is expected to show a strong economy, which could support nickel demand.
Nickel Inventory Levels: The upcoming nickel inventory levels report is expected to show a decline in inventories, which could support nickel prices.
Mining Production: The upcoming mining production report is expected to show a decline in production, which could support nickel prices.
MARKET SENTIMENT:
Bullish Sentiment: 60%
Bearish Sentiment: 30%
Neutral Sentiment: 10%
Trading Alert⚠️ : News Releases and Position Management 📰 🗞️ 🚫🚏
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀
I'll see you soon with another heist plan, so stay tuned 🫂
Nickellevels
XNI/USD "NICKEL" Commodities Market Heist Plan on Bullish SideHello!! My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist XNI/USD "NICKEL" Commodities Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Entry 📈 : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Low Point take entry should be in pullback.
Stop Loss 🛑 : Recent Swing Low using 4H timeframe
Attention for Scalpers : Focus to scalp only on Long side, If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss 🚫🚏. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
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Stay tuned with me and see you again with another Heist Plan..... 🫂
Nickel: Thoughts and AnalysisToday's focus: Nickel (XNIUSD)
Pattern – Diagonal Pattern
Support – 15,840
Resistance – 17,198, 18,500
Hi, traders; thanks for tuning in for today's update. Today, we are looking at Nickel on the daily chart.
We have been watching Nickel for a few weeks now, traders, as the consolidation pattern continues to drag out. The shape of the pattern at this point is on the ending diagonal side. That can mean reversal, but it's far from a classic, and we have also run over some of the fundamental circumstances that have been driving Nickel lower since 2023.
Will we see the downtrend resume with a new lower breakout, or could this consolidation pattern set up a new higher push by buyers?
Good trading.
Nickel short tradeThanks for viewing,
I am not sure how widespread interest in Nickel is, my interest in Nickel is;
- It is a valuable metal that is in demand as the world turns towards electrification (Nickel currently has a low proportion of its demand ~3% from batteries and ~70% from steel-making but EVS. Vehicle manufacturers are turning towards much higher proportion of vehicles being EVS and battery manufacturers are turning to higher efficiency batteries with a higher proportion of nickel,
- There are therefore, strong fundamental reasons to expect strong long-term demand,
- It is possible to buy large volume physical metal and store it in secure locations (you can even take out a low interest loan on a %age of the market value of the metal collateral) like silverbullion.com.sg.
- I would like to add physical Nickel into my "all weather portfolio" (so that commodity positions comprise 7.5% of the portfolio - a la Ray Dalio) I am looking for an entry point to buy.
If you trade, I put my entry point on a break below the swing low for a 1:1 extension of the previous drop. If my view is correct this would allow wave (B) to complete without making a lower low (than was set in Feb 2016). This would set the scene for a new bull move towards all-time highs. That short trade (stop placed arbitrarily above nearby resistance) could net -27% closing out at $180.93. Actually, I may look into a platform that offers a short contract. If the Feb 2016 low is exceeded, my bullish scenario is off the table.
Reasons for a bearish view:
- MACD histogram strong down trend,
- MACD moving averages looking like crossing over to the downside,
- If a wave (B) unfolds to an expected 1:1 extension that will mean an 44% price decline,
- Lower buy volume for Iron ore over the past 18 months and signs of exhaustion in the Iron Ore rally - and as so much of nickel demand is from steel-making this would also drag down Nickel,
- Nagging suspicions about a generalised property bubble that is in the process of deflating in the west (commercial property down 20-30% in the US in 2020) if it gets underway (massive manipulation will be required to stop the implosion of a huge speculative bubble in residential and commercial property) in China - there could be a huge reduction in steel demand for construction.
At the moment I'm not trading, but looking to enter long around the $180 (below $8000/ton) mark. At the moment silverbullion.com.sg is offering just under 4% over spot and similar buy-sell spread. Storage fee are around 1.5% per year at current prices (more as a % basis for smaller 250kg / 550lb amounts). They have 2000kg bags of 99.8% pure Nickel at USD14,986/ton. I would be looking to enter below USD8000/ton and am hoping for a ~40% price drop overall before the next bull market. Of course, I could be wrong, or right but too early, or I may miss the buy-zone for some reason (like lack of funds) even if it unfolds exactly as I have charted it.
I am not an affiliate and the link posted isn't an affiliate link. It is just something I discovered in my search for gold and silver bullion non-bank vaults. If anyone knows of a better offering elsewhere - please let me know (I am also interested in low premium / spread bulk copper - not small ingots or coins).
Lately, I have been finding Elliot Wave principles very helpful in determining entry-points into commodity, gold and silver, and equity positions. When pessimism prevails people and organisations sell or get liquidated and the bottom normally isn't right at the point that fundamental factors switch from 'sell' to 'buy'. I find EW is helpful for setting entry and exit points - especially in lieu of more concrete information.
Protect those funds