NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1190 R1-1170 S1-1140 S2-1120
Nickel slid after inventories jumped to record high, reminding investors that the price has rallied this year ahead of expected shortages
Prices also seen under pressure on profit booking after prices gained on renewed concerns over disruptions in Russian supply.
Nickel prices is expected to go into a deficit later this year after Indonesia imposed a ban on shipments of unprocessed ore.
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