Friday 16 May 2014

CAPITAL STROKE COMMODITY UPDATE 16 MAY 2014: MCX NICKEL


NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1130 R1-1125 S1-1105 S2-1090
Nickel dropped as pressure seen on prices on continued profit booking amid signs of sufficient supply.

The gain in nickel inventories eased concern that Indonesia’s ban would drain supplies.

Data from the US turned out positive, with CPI rise hitting 2.0% in April, its biggest gain since July 2013.
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