NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1140 R1-1125 S1-1095 S2-1080
Nickel prices dropped as the US dollar index closed with gains for three consecutive days, weighing down prices.
Expectations for interest rate hike were running high due to Fed’s optimism over the US economy outlook, dragging the prices down.
Yesterday’s economic releases from China seemed to have limited impact on markets.
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