Thursday 17 April 2014

CAPITAL STROKE COMMODITY UPDATE 17 APRIL 2014 : MCX NICKEL



Nickel trading range for the day is 1019.4-1122.4.
Nickel prices rallied supported by escalating tensions between the West and Russia over the crisis in Ukraine.
Prices also gained as support seen after Goldman Sachs upgrades nickel forecast on Indonesian export ban.

Concerns about the potential for a disruption to Russian nickel supply in the event of any sanctions on exports also supports prices.

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