NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1150 R1-1135 S1-1105 S2-1090
Nickel rose spurred by targeted RRR cuts by China’s central bank, rising New York Fed’s manufacturing index and US industrial output.
The NY Empire State Index for June was reported at a 4-year high of 19.28, beating the estimated 15, and US industrial output rose 0.6%
The IMF said it now expects the U.S. economy to expand 2% in 2014, down from its forecast of 2.8% in April.
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