NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1150 R1-1130 S1-1100 S2-1080
Nickel prices came under pressure from a build-up in stockpiles.
Nickel stocks in LME-registered warehouses surged by 19,242 tonnes across diverse locations in Asia to a record high on Wednesday.
The rise in stocks reminded investors that a ban on unprocessed ore by Indonesia, which spurred 35% gains this year, has not yet hit the refined market.
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