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Friday, 13 May 2016

EPIC RESEARCH MCX NICKEL UPDATE OF 13 MAY 2016

Nickel trading range for the day is 563.8-604.8.
Nickel dropped after data showed the number of Americans filing for unemployment benefits unexpectedly rose last week to the highest level in more than a year.
Compounding the gloom, euro zone industrial production fell for a second straight month in March, depressed by every sector except energy.  
Pressure also seen after a senior official said that China's government will not use excessive investment, or high rates of credit growth to stimulate growth.    

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