Highlights

  • Nickel traded at USD 15,448.52, up USD 40.25 (+0.26%) on the chart.
  • The daily candle opened at USD 15,438.02 and reached USD 15,490.52.
  • The session low stood at USD 15,416.52, beneath the latest price.
  • The displayed SMA at USD 15,566.69 remained above the quoted price.
  • The RSI registered 43.91, below the neutral 50 threshold.
  • The chart showed a longer decline from the spring highs into October.

Nickel traded at USD 15,448.52 on 3 November 2026, adding USD 40.25 (+0.26%) in the daily TradingView reading captured at 10:04 UTC+5:30. The positive change came against a chart that still showed a broader decline from its spring highs. The market opened the displayed candle at USD 15,438.02, then moved between USD 15,416.52 and USD 15,490.52. Despite the latest advance, the price remained below the displayed simple Moving Average (SMA), keeping the technical picture mixed.

Source chart, November 3 2026

Daily Gain Contrasts With a Broader Decline

The chart traces a rise into early May, followed by a retreat through June and a sharper leg lower into July. Nickel subsequently traded in a narrower range during August and September before extending its decline into October. A brief late-October bounce did not restore the earlier highs. Against that history, the latest positive daily reading reflects a modest advance within a weaker multi-month price pattern rather than a confirmed change in direction.

Price Action Leaves the Moving Average Overhead

Within the displayed session, the high of USD 15,490.52 stood above the opening price, while the low of USD 15,416.52 marked the lower end of the daily range. The latest Quotation of USD 15,448.52 sat between those extremes. The chart does not provide accompanying production, inventory, trade or macroeconomic releases, so it does not establish a fundamental cause for the daily gain or the preceding decline.

Technical Outlook: Nickel

The latest nickel quotation was USD 15,448.52, compared with an open of USD 15,438.02, a high of USD 15,490.52 and a low of USD 15,416.52. The displayed SMA stood at USD 15,566.69, above the latest price. This places the market beneath its moving-average reference despite the session’s advance. The RSI read 43.91, below 50 but above the conventional oversold threshold of 30, suggesting relatively subdued momentum rather than an extreme reading. The chart does not specify the SMA or RSI calculation periods.

Key Levels to Watch

No formal support or resistance levels are labelled on the supplied chart. The displayed daily low of USD 15,416.52 and high of USD 15,490.52 offer nearby session reference points, not independently established support or resistance. The SMA at USD 15,566.69 supplies a separate technical reference above the current quotation. Movement around these figures can be monitored without assuming that any level will hold or be breached.

Summary

Nickel’s 0.26% gain lifted its quoted price to USD 15,448.52, but the Daily Chart continued to show a weaker longer-term trend. Price remained under the displayed SMA of USD 15,566.69 and the RSI of 43.91 suggested restrained momentum. With no additional fundamental data in the supplied material, the latest update is a price-led technical account rather than an explanation of market drivers.