EPIC RESEARCH MCX NICKEL UPDATE OF 1 JUNE 2016

Nickel trading range for the day is 563.6-584.   
Nickel prices moved higher to settle at 571.70 amid reports of strike action at South32’s Cerro Matoso mine in Colombia.              
The U.S. Commerce Department's Bureau of Economic Analysis said its Personal Consumption Expenditures Price Index rose by 0.3% in April, in line with consensus estimates.              
In the week ahead, investors will be focusing on Friday’s U.S. nonfarm payrolls report for May to gauge if the economy is strong enough to withstand further rate hikes in 2016. 

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