Tuesday 20 May 2014

CAPITAL STROKE COMMODITY UPDATE 20 MAY 2014: MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1215 R1-1200 S1-1160 S2-1140

Nickel rallied near to +6.00% advanced on speculation that demand may outstrip global supplies amid an ore export ban by Indonesia.

The global nickel surplus will drop to a four-year low in 2014, Norilsk said

Goldman affirmed its forecast that prices will rally to $US22k over the next three to six months.

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