Wednesday 9 April 2014

CAPITAL STROKE COMMODITY UPDATE 10 APRIL 2014 : MCX NICKEL




Nickel trading range for the day is 979.8-1023.6.
Nickel gained as producers of an alternative to refined nickel in China are expected to cut output.
Fed officials believe FOMC meeting overestimated interest rate growth, and the US labor market is still sluggish, with US economy affected significantly.
Supply from the Philippines, the second-largest supplier to China last year, was also restricted in the first quarter of 2014 by rainy conditions.

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