EPIC RESEARCH MCX Nickel UPDATE OF 29 January 2019

Posted by Commodity Updates by Epic Research on 13:53:00 with No comments

Nickel trading range for the day is 829.9-850.7.

* Nickel dropped on profit booking after prices after a deal was announced to reopen the U.S. government following a prolonged shutdown that had shaken investor sentiment. # New stainless steel capacity likely to extend rise in nickel prices in Q1

* Traders refocused on the Federal Reserve's policy meeting next week when the US central bank is expected to keep interest rates unchanged.

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