Nickel Dropped As Pressure Seen Ahead Of The Outcome Of A U.S.

Nickel trading range for the day is 654.9-686.5. Nickel dropped as pressure seen ahead of the outcome of a U.S. Federal Reserve meeting that is expected to dictate direction in the dollar.

While sentiments improved for Nickel as support seen after the update that Morgan Stanley’s commodity picks list have Nickel as its preferred base metals.

The Philippines’ controversial mining review continues to offer support, offsetting Indonesia’s back-flip on allowing exports of ore.

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