NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1180 R1-1165 S1-1140 S2-1125
Nickel rose after a Philippines senator called for an ore export ban in the nickel-rich nation.
The proposed halt is similar to a ban introduced by Indonesia from January that led to a sharp spike in nickel prices and cut other ore exports.
U.S. nonfarm payrolls data due on Friday will be closely watched for further clues about the economy and the outlook for Fed’s monetary stimulus.
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