NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1165 R1-1150 S1-1120 S2-1105
Nickel gains recovered from the day's low despite of the news that Indonesia has resumed some exports of metal ore concentrates.
China’s latest production data reignited concerns over China’s housing market and the sizable metal stocks.
Last week nickel faced a hard time to advance since LME inventories stood around 58% higher year-to-date and continued to rise.
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