EPIC RESEARCH MCX Nickel UPDATE OF 5 February 2019

Posted by Commodity Updates by Epic Research on 12:10:00 with No comments

Nickel trading range for the day is 887-980.8.

Nickel prices rallied tracking LME prices climbed 4.7 percent to $13,260 a tonne as prices rose due to a short squeeze.

U.S. President Donald Trump said he would meet China's Xi Jinping soon to try to seal a comprehensive trade deal, citing substantial progress.

Labor Department report showed nonfarm payrolls jumped by a stronger-than-forecast 304,000 jobs last month, the largest gain since February 2018.

Warehouse stock for Nickel at LME was at 201090mt that is down by -612mt.

Subscribe now for best Stock Report
US Stock Market News
For quick free trial click here > +917316642316

Connect with our social media sites