[Ferro-Alloys.com]LME nickel price continued to fall on Tuesday (Dec 17). The price remained a downtrend all day long, with an intraday high at 16465 and low at 15925, closing at 16000, down 2.74%. The price has broken the uptrend channel downward on the day chart. MA89 on the day chart reached 16896, which seemed to be a resistance. If the price breaks the 16000 level, it would enter a downtrend channel.

 

 

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