EPIC RESEARCH MCX NICKEL UPDATE OF 26 MAY 2016

Posted by Farhan Khan on 11:10:00 with No comments
Nickel trading range for the day is 554.7-575.5.
Nickel prices dropped as LME Nickel slipped 0.7 percent  as developments on the supply-side also suggest caution and a less bullish view towards nickel.            
Confidence at Japanese manufacturers tumbled to a three-year low in May and is seen recovering only modestly in the next three months        
Next week, Chinese manufacturing PMIs will offer further clues on the country’s growth and demand appetite.


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