Tuesday, 10 July 2018

EPIC RESEARCH MCX NICKEL UPDATE OF 10 July 2018

  Nickel trading range for the day is 950.4-982.4.

Nickel gained on falling inventories and potential stimulus plans, with focus shifting back to market fundamentals and away from the festering Sino-U.S. trade war.

Trade tensions between the US and China, the European Union, and Mexico may cause an impact on the trade prospects for the rest of the year.

Investor concerns eased over excessive supplies as demand for steel products is typically weak during China’s summer.

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