EPIC RESEARCH MCX NICKEL UPDATE OF 05 FEBRUARY 2018

Posted by aditi on 11:53:00 with No comments
Nickel trading range for the day is 822.3-917.5.Nickel dropped pressured by a bounce in the dollar index, lifted by data showing the strongest U.S. annual wage growth since 2009.Deliverable nickel inventories on the Shanghai Futures Exchange (ShFE) fell by 548 tonnes from a week ago to 56,194 tonnes, according to ShFE data.Long positions among brokerages on Shanghai's most traded May nickel contract meanwhile increased by 6,853 lots after falling by 4,177 lots.




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