LME Nickel Continuously Rose for 3 Days after Breaking down $16,000/mt

  • Wednesday, October 8, 2014
  • Source:ferro-alloys.com

  • Keywords:nickel price, downtrend, bear market for nickel
[Fellow][Ferro-Alloy.com]LME nickel price broke $16,000/mt on October 1st, with an intraday low at $15,869/mt, which is a brand new low for the past six months.
[Ferro-Alloy.com]LME nickel price broke $16,000/mt on October 1st, with an intraday low at $15,869/mt, which is a brand new low for the past six months. This rebound might continue to reach $17,500/mt. The approach to $18,500/mt may be an end to the downtrend. If the price fails to break $17,500/mt, the bear market for nickel would continue. 
 
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