THE ART OF TRADING
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Chart of the Week
Nickel (958.10) 25//07/10

Daily chart of Nickel is presented below. Note the following shown in the chart:

  • Price has broken out of Bollinger Band squeeze and begun tagging the upper band accompanied by bullish candlesticks;
  • Price has crossed 940 levels which is 25% retracement of the downswing from April-June, 2010 after resisting the same level twice earlier.
  • RSI has made a range shift into the bullish zone.
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