EPIC RESEARCH MCX NICKEL UPDATE OF 16 AUGUST 2018

Nickel trading range for the day is 926.7-953.3. Nickel dropped as simmering worries over the U.S.-China trade conflict offset positive leads. China’s fixed-asset investment increased at the slowest pace on record in July and retail sales also softened amid an escalating trade dispute with US. China’s total social financing, a broad measure of credit and liquidity in the economy, dropped to 1.04 trillion yuan in July from 1.18 trillion yuan in June.

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