NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1110 R1-1195 S1-1065 S2-1050
Nickel dropped amid concern a stronger dollar is weighing on demand for commodities as an investment.
Data showed the global nickel market was in a 5,200 tonne surplus in July compared to a 4,800 tonne deficit the month before.
Many investors have bought nickel on the view that a ban on ore exports from top exporters Indonesia would create shortages.
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