NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1100 R1-1080 S1-1050 S2-1030
Nickel dropped on profit-taking after months of rallying based on expectations that an Indonesian ban on exports would lift physical market.
Iraq's turmoil pushed up global oil prices, and growing risk aversion weighed down base metals prices.
The ongoing investigation at the Port of Qingdao and escalating tensions in Iraq should stoke uncertainties in base metals markets
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