EPIC RESEARCH MCX NICKEL UPDATE OF 21 JULY 2016

Posted by Farhan Khan on 12:53:00 with No comments

Nickel trading range for the day is 685.5-721.3.
Nickel gains as support came after the Philippines has asked Nickel Asia Corp, its top producer, to stop exporting ore from Manicani island.             
However upside seen limited bolstered by strong U.S. housing data and growing expectations that the Federal Reserve may raise rates.              
Nickel has surged some 10 percent this month on plans for a mining crackdown in the Philippines, the top supplier of nickel ore to China.   

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