EPIC RESEARCH MCX Nickel UPDATE OF 28 March 2019

Nickel trading range for the day is 877.5-913.9.

Nickel prices traded in range amid global growth fears and a prolonged inverted U.S. yield curve prompted investors to shun riskier assets.

The Commerce Department said the trade deficit declined 14.6 percent, the largest decline since March 2018, to $51.1 billion.

The European Central Bank said it could further delay a planned increase in interest rates as it faces rising threats to growth.

Warehouse stock for Nickel at LME was at 183126mt that is down by -456mt.


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