Sellers are building up at the 83.5c and 84c levels. 85c seems out of reach by end of trade today. This indicates the next support is now 75c. Up to you guys whether you want to catch the falling knife or sit on the railroad tracks.
Chris,
Did you unload those shares you bought at 87c? You seem to have some idea of what a bear market in a particular commodity can do so it would not surprise me to hear you opted to get out real quick. We are not in a bear nickel market yet but watch the sellers exit for the doors if nickel gets hammered again tonight.
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downtrend firmly in place
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