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Daily Pick

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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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