Via AG Metal Miner Nickel prices began to rise this month, breaking through prior highs visible on shorter time frames such as the hourly and daily charts. Ultimately, prices bounced off bullish zones formed before the LME’s shutdown in March. This price action indicates nickel has the potential for upside reversal if prices continue to push up. Overall, however, prices remain in a mid-to-long-timeframe trading range. Investors will need to break this to establish a new long-term trend. High Inventory Levels Among Service Centers, Manufacturers,…
