NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1195 R1-1180 S1-1150 S2-1135
Nickel dropped amid speculation that the rally in prices this year may curb demand for the metal used to make stainless steel.
Nickel reached $21,625 on May 13, the highest level since February 2012 and has advanced 42% this year, making it the best performer on LME.
The global surplus will drop to a four-year low this year and the market will swing to a deficit next year
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