![Nickel at 5-Week Low [05 September 2024]](https://www.goldsilverreports.com/wp-content/uploads/2019/09/Nickel-base-metals-gsr.jpg)
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.
mcx Nickel
MCX Nickel Trading Tips Updates – Enjoy 996 To Watch Low 978.80 – Neal Bhai
MCX Nickel Trading Tips Updates – Enjoy 996 To Watch Low 978.80
MCX Nickel Trading Tips – Below 1015 Target 942—922 – Neal Bhai Reports
MCX Nickel settled down 1.94% at 1011.1 on profit booking after prices gained amid an Indonesian mining ministry official reiterating that a ban on the export of raw ore exports would be enforced by 2022.
MCX Nickel Bole Boom Boom, I Told You Buy Above 879 Watch High 983.50 – Neal Bhai Reports
MCX Nickel settled up 1.15% at 945.9 boosted by supply worries from major producer Indonesia. Shanghai nickel surged as much as 3.1% to 106,620 yuan a tonne, its highest since Sept. 3, 2018, but retreated slightly later in the session to close 2.4% higher.
Nickel Rally Fades, Electric Vehicle Buzz doesn’t
Last week’s rally to a five-month high of $13,350 per tonne on the London Metal Exchange has gone into sharp reverse. Nickel was trading back at $12,385 on Tuesday.
MCX Nickel Resistance Key 886, Above 886 Sell Karna Mana Hai
Gold Silver Reports (GSR) – Technically Nickel market is under long liquidation as market has witnessed drop in open interest by 0.14% to settled at 9348 while prices down 5.1 rupees.
MCX Nickel Above 845 Only Fresh Buying — Goldman Neal Bhai Reports
Gold Silver Reports – MCX Nickel Above 845 Only Fresh Buying — Technically Nickel market is under fresh buying as market has witnessed gain in open interest by 3.51% to settled at 6635.