ZOID RESEARCH 25-NOV-2014 : NICKEL

Nickel started the week with green and closed at $16554 MT, up by 0.15% from previous day’s close. The gains of themetal was restricted by the closure of the labor strike at Colombian mine. Fundamentally, the factors relating to Nickel continue to remain strong although some dip in the prices may be witnessed during the day. As per the latest quote,Nickel is seen trading at $16580 MT. Later today, US Prelim GDP q/q is expected which may bring about some volatility and cause mercurial movement in the base metals complex. We recommend buying in dips as we continue to have a positive bias for the metal in the short run.

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