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Tuesday 5 February 2019

EPIC RESEARCH MCX Nickel UPDATE OF 5 February 2019

Nickel trading range for the day is 887-980.8.

Nickel prices rallied tracking LME prices climbed 4.7 percent to $13,260 a tonne as prices rose due to a short squeeze.

U.S. President Donald Trump said he would meet China's Xi Jinping soon to try to seal a comprehensive trade deal, citing substantial progress.

Labor Department report showed nonfarm payrolls jumped by a stronger-than-forecast 304,000 jobs last month, the largest gain since February 2018.

Warehouse stock for Nickel at LME was at 201090mt that is down by -612mt.

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