EPIC RESEARCH MCX NICKEL UPDATE OF 21 AUGUST 2018

Nickel trading range for the day is 933.2-961.6. Nickel traded in range as planned trade talks between China and the United States rekindled appetite for riskier assets and weakened the dollar. China and Washington would hold lower level trade talks on Aug. 21 and 22, just before $16 billion in new U.S. tariffs on Chinese goods take effect. Inventories decreased by 130,000 wmt from a week ago to 11.39 million wmt as of now.

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