{"id":59507,"date":"2012-02-15T13:19:18","date_gmt":"2012-02-15T02:19:18","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2012\/02\/15\/downtrend-resuming-for-nickel\/"},"modified":"2012-02-15T13:19:18","modified_gmt":"2012-02-15T02:19:18","slug":"downtrend-resuming-for-nickel","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2012\/02\/15\/downtrend-resuming-for-nickel\/","title":{"rendered":"Downtrend Resuming For Nickel?"},"content":{"rendered":"<p>\n\tBy Rudi <span>Filapek-Vandyck<\/span><\/p>\n<p>\n\tTechnical market analysts at Barclays Capital in London remain <span>sceptical<\/span> about further upside potential for crude oil futures. They do believe <span>WTI<\/span> can stretch as far as US$103.90\/<span>bbl<\/span>, but divergence between current momentum indicators and price action tells the analysts that&#039;s about as far as <span>WTI<\/span> can go. Their target for the real price of oil, Brent futures, stands at US$119\/<span>bbl<\/span>.<\/p>\n<p>\n\tThe analysts are also of the view that gold has probably more weakness ahead. They seem worried about silver prices. Copper appears on its way to US$8280\/t after which the analysts will return to a bullish stance, they state. But what really stands out in their latest market assessment is the view that the underlying trend seems to be rolling over for nickel, implying more weakness should be expected. Nickel is looking increasingly bearish on price charts, report the analysts.<\/p>\n<p>\n\tIn their view, this may result in a resumption of nickel&#039;s longer term downtrend.<\/p>\n<p>\n\t<img decoding=\"async\" alt=\"\" src=\"http:\/\/www.fnarena.com\/ckfinder\/userfiles\/images\/Nickel_Topping_Feb2012.jpg\" style=\"width: 670px;height: 371px\" \/><\/p>\n<p>\n\t<strong>Technical limitations<\/strong><\/p>\n<p>\n\t<strong><span style=\"font-style: italic\">If you are reading this story through a third party distribution channel and you cannot see charts included<\/span><em>, we <span><span>apologise<\/span><\/span>, but technical limitations are to blame.<\/em><\/strong><\/p>\n<p>\n\t<em>Find out why <span>FNArena<\/span> subscribers like the service so much: &quot;<a href=\"http:\/\/www.fnarena.com\/index4.cfm?type=dsp_newsitem&amp;n=29EB960D-9DFF-C00E-7F6B464E5D52E250\">Your Feedback (Thank You)<\/a>&quot; &#8211; Warning this story contains unashamedly positive feedback on the service provided.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Technical market analysts at Barclays suggest nickel&#8217;s longer term downtrend might be re-establishing itself.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[23],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/59507"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=59507"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/59507\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=59507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=59507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=59507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}