EPIC RESEARCH MCX NICKEL UPDATE OF 2 AUGUST 2016

Posted by Farhan Khan on 12:19:00 with No comments
Nickel trading range for the day is 709.8-727.6.   Nickel gained to settled up 0.79% afte firm China's data and on ideas that US Fed will not be able to raise interest rates soon.     
Support seen as nickel miners in the Philippines stepped into the breach, more than making up for the dearth of supply from Indonesia.               
Prices get support as Indonesia's ore ban remains in place until at least next year as renewed environmental crackdown.

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