MCX Nickel Next Target 998—918 Any Panic Buy Stop Loss Paid

MCX Nickel Next Target 998—918 Any Panic Buy Stop Loss Paid

MCX Nickel yesterday settled down by 3.14% at 893.5 prices dropped as downbeat industrial data from China and emergency interestrate cut from the US FederalReserve underscored the potentially crippling blow of the coronavirus pandemic to the globaleconomy.

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MCX Copper (Oct) Weaker Below ₹455, Any Rise Fresh Selling; Down Side Support ₹430

BASE METAL TIPS – MCX Copper settled down 0.11% at 440.85 as China’s factory activity is expected to have contracted for a fifth straight month in September. Pressure also seen after the release of a whistleblower complaint against U.S. President Donald Trump added to uncertainties about the global economy, already reeling from the China-U.S. trade war.

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MCX Nickel Tips – Free Nickel Metal Market Trading Tips & Target ₹1610

Nickel at 5-Week Low [05 September 2024]

The premium of LME nickel cash over the three-month contract fell further to a three-week low of $15 a tonne, indicating a supply crunch has eased. Manufacturing activities across nickel downstream sectors barely improved from a month ago in August, remaining in contraction for the fifth consecutive month, showed an SMM survey on Wednesday September 4.

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