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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Nickel at 5-Week Low [05 September 2024]

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

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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