Recently, the trend in nickel has led to lighter prices on the London Metal Exchange (LME), which is not at all surprising considering the big correction, and the rebound which followed, on the nickel market mid May. At the moment, nickel is trading at USD 18,000.00/mt and shows good support. This support level has, however, already been tested, albeit just for a few minutes, when nickel dipped below this level to trade at USD 17,700.00/mt. As we now experience a phase of consolidation, the support and resistance points shown on the charts are quite far apart from one another, because of the previous....
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