EPIC RESEARCH MCX NICKEL UPDATE OF 22 JUNE 2016

Nickel trading range for the day is 609.2-630.   
Nickel dropped as pressure seen by a surge in Chinese exports that raised concerns about global oversupply and a stronger dollar.              
China's central bank has studied allowing commercial banks to participate in the offshore yuan market, according to an official microblog post from the PBOC.
Investors remain wary ahead of Thursday's Brexit vote, as well as Federal Reserve chief Janet Yellen's two-day testimony before Congress.

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