DOLLAR ADVISORY MCX NICKEL UPDATE OF 25 Nov 2016

Nickel trading range for the day is 781.3-809.9. Nickel dropped on profit booking after prices remained supported after Wednesday’s better-than-estimated U.S. data on durable goods. LME stocks are falling – they are down 17% in the year to date. Available stocks at 239,886 tonnes are near this year’s low. Nickel daily stocks at Shanghai exchange came down by 120 tonnes.
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