NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1180 R1-1165 S1-1135 S2-1120
Nickel settled down after the update that China’s nickel ore and concentrate imports fell by 32.4% y/y
Goldman Sachs Group Inc. raised its price forecast for nickel as the market is swinging to a deficit next year following an ore-export ban in Indonesia.
U.S. will release the monthly non-farm payrolls report for July later in the week as well as a preliminary estimate on second quarter economic growth.
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