NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1040 R1-1025 S1-1020 S2-1015
Nickel seen supported after U.S. central bank authorities signalled they would not rush to boost interest rates.
Some estimated China’s Q3 GDP growth at 7.2-7.3%, far below the government’s annual target of 7.5%, which raised concerns over China’s economic outlook.
Germany’s exports shrank 5.8% in August, a bigger fall than the estimated 4% contraction and the largest monthly decline since January 2009.
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