Tuesday 22 April 2014

CAPITAL STROKE COMMODITY UPDATE 23 APRIL 2014 : MCX NICKEL



Nickel trading range for the day is 1083.6-1131.8.
Nickel hit a 14-month high last week on stocking supply concerns.
Support continuously seen as Indonesia banned outbound shipments of unprocessed metal in January this year.
Russia also may fail to compensate for the fall in supplies as Western economies may impose sanctions on the country amid on-going instability in Ukraine.

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