SMM Analysis: Nickel Price Volatility Forecasted; A Multi-Faceted Examination of Market Dynamics

Published: Sep 13, 2024 16:58

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[SMM Analysis: Will Nickel Prices Continue to Fluctuate? A Multi-dimensional Analysis of Nickel Price Trends] This week, Shanghai nickel prices are expected to fluctuate within a certain range. In order to comprehensively analyze the trend of nickel prices, we consider it from multiple dimensions:

I. Capital Level

From a technical perspective, the current market structure indicates that short-selling forces are still actively selling, pushing down nickel prices. However, the scattered orders in the market show a slight trend towards long positions. Behind this contradictory phenomenon are the following reasons...

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