Read more
11:00 AM ยท 29 April 2021

๐Ÿš€ Nickel continues to surge

-
-
Open account Download free app

Nickel is one of the best performing industrial metals as of late. Fed's reluctance to signal any actions yesterday in spite of mounting inflationary pressures has weakened the US dollar and provided a boost for commodity prices. Rising demand as well as supply concerns are two other factors that play a role. Incidents in Russian mines may result in 1-2 month halt in exports to China.

Taking a look at NICKEL from a technical point of view, we can see that price broke above the upper limit of the 15,800 - 16,850 trading range. According to classic technical analysis, there is a chance for the upward move to continue. Should a downward correction occur, the aforementioned upper limit of the trading range at 16,850 should serve as a key near-term support.

NICKEL at D1 interval. Source: xStation5

30 January 2026, 6:58 PM

Daily summary: A historic day for precious metals; SILVER loses 30%; USD gains ๐Ÿ’ก

30 January 2026, 6:28 PM

Has the precious metals bubble burstโ“ SILVER dips over 33% in a single day ๐Ÿšจ

30 January 2026, 6:09 PM

Three Markets to Watch Next Week (30.01.2026)

30 January 2026, 10:07 AM

โฌSilver below $100, Gold breaches $5000

Join over 2 000 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissรฃo de Valores Mobiliรกrios (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits