EPIC RESEARCH MCX Nickel UPDATE OF 7 February 2019

Posted by Commodity Updates by Epic Research on 11:59:00 with No comments

Nickel trading range for the day is 897-969.2.

* Nickel dropped on profit booking after prices gained supported by easing U.S.-China trade tensions.

* Prices also remained supported amid speculation that output cuts at Vale's Brazilian operations would spread to its nickel operations.

* U.S. President Trump said that he was optimistic about the prospects of a deal after the good vibe of negotiations.

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