Nickel trend analysisNickel Futures (3 Months)LME_EOD:NI3MLogikaResearchNickel NI3M is currently in a secondary reaction within the primary uptrend that began in December 2025. The current 47-day decline is considered a secondary reaction as long as prices remain above the key support level of 16,700. Price is 90 days from dec 16 2025 low. If the primary trend resumes, the minimum target is a retest of the highs at 19,000 or, in the most bullish scenario, 21,400.