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LME Nickel to See Range-Bound Trading (2016-11-21)
Nov 21, 2016 09:40Source:SMM
LME nickel is expected to find support at the 20-day moving average on Monday and SHFE 1701 nickel will move between RMB 87,500-90,500/mt.
SHANGHAI, Nov. 21 (SMM) –LME nickel is expected to find support at the 20-day moving average on Monday. SHFE 1701 nickel plumped on last Friday’s night trading and will move between RMB 87,500-90,500/mt on Monday with support at the 20-day moving average and positive fundamentals.
In China’s domestic market, spot nickel will drop to RMB 87,200-90,000/mt on Monday.
SHFE nickel
LME nickel
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