NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1060 R1-1045 S1-1020 S2-1005
Nickel dropped as pressure seen as stockpiles reached a record, signaling ample global supplies even as Indonesia bans its exports of the mined metal.
Supply exceeded demand in July after three months of shortages, according to data from the International Nickel Study Group.
The ongoing concerns we have about China moving forward have been weighing on the base-metals market.
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