ZOID RESEARCH 2-JUNE-2014 : NICKEL

Nickel commodity reversed direction last week and closed near the $19200 /MT mark, lower by around 2.0%. The commodity possibly saw a good amount profit booking after good increase in previous weeks/months For the day we suggest ranged view in the commodity however, we still believe that the commodity may rebound from lower levels. Hence, our short term view holds bullish.

Try once at www.zoidresearch.com or contact us @ 9039073611