NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1160 R1-1145 S1-1115 S2-1100
Nickel fell as the dollar’s rally eroded the appeal of industrial metals as alternative investments.
Indonesia had put out an offer to reduce taxes on concentrate exports in a bid to end a six-month halt of concentrate exports.
Nickel already climbed 33 percent this year, because Indonesia in January barred shipments of unprocessed ores, spurring demand.
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