EPIC RESEARCH MCX NICKEL UPDATE OF 8 MAY 2018

Nickel trading range for the day is 925-952. Nickel gains as support seen after data showed growth in China’s service sector picked up in April as new business and employment grew at a faster rate. Supply shrank as NPI deliveries from Indonesia declined after margins of exports to south-east Asia exceeded those of exports to China. A flurry of Chinese data in coming weeks is expected to show the economy remained strong in April, underpinned by a pick-up in industrial output and a rebound in exports.


Subscribe now for best COMMODITY TIPS

For quick free trial click here < 911 133 9000
Connect with our social media sites

Facebook

Twitter

YouTube

Pinterest

Linkedin

Google+