NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1160 R1-1145 S1-1115 S2-1100
Nickel prices ended with gains as support seen on positive macroeconomic news, combined with falling US dollar index.
Yesterday's last week’s US jobless claims and the Kansas City Fed June Manufacturing Composite Index Slow were both reported lower than expected.
Technically market is under short covering as market has witnessed drop in open interest by -4.1% to settled at 4845.
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