EPIC RESEARCH MCX NICKEL UPDATE OF 24 AUGUST 2018

Nickel trading range for the day is 911.6-946.2. Nickel prices dropped as the US-China trade dispute worsened. The United States and China escalated their acrimonious trade war on Thursday, implementing punitive 25 percent tariffs on $16 billion worth of each other’s goods. China’s central bank said it will not resort to strong stimulus to support the slowing economy, but will keep liquidity reasonably ample.

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