Commodity Tips:- Nickel Trading Range For The Day Is 904.5-957.9

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Nickel trading range for the day is 904.5-957.9.

 

Nickel dropped on profit booking as the market fretted about the outcome of Sino-U.S. trade talks that would start later in Beijing.

 

LME nickel stocks, at their lowest since mid-2014 and Shanghai Futures Exchange nickel stocks near their lowest since November 2015, also illustrate the tightness.

 

The International Nickel Study Group last week nearly doubled its global nickel deficit forecast for 2018 to 117,000 tonnes.

 

Warehouse stock for Nickel at LME was at 315696mt that is up by 8934mt.

 

Get More Trading Tips So Click Here >> Commodity Tips And Give A Missed Call On @ 9039001060 And Like This Page >> Investment Visor.

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