‘Battery Metal’ Nickel is bullish
Among other metals like cyclical, inflation-sensitive copper, counter-cyclical much less inflation-sensitive gold and tweener silver that have either been correcting during the summer inflation cool down began (Cu) or since the dominant inflationary phase began (Au and in a sideways consolidation, Ag) Nickel recently ticked a new high, tested its SMA 50 and looks for another new high.
It’s an ongoing bull market.
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