NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1140 R1-1120 S1-1090 S2-1075
Nickel dropped as prices were weighed down due to escalating turmoil in Iraq, despite upbeat US PMI and home sales data.
However downside seen limited as China’s economic data were reported optimistic, and economic indicators from the US also brightened.
Preliminary US PMI for June hit a high never seen since May 2010, with output index up for a third consecutive month
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