November 15, 2011 ( 04:00 pm) :-
Nickel LME Inventory ware house. level continuously drops from Nov
10 to Nov 11 nickel LME Inventory stood at 130000 tone in 2010 & in
2011 it down continuously to 85000 tone.
The huge demand occurs in the Japan some desecration. Japan Government passed recovery package for covering losses from the March 11 tsunami.
But the prices & the Inventory continuously falls due to the slow down in the China.
China's imports drooped it directly affected the base - metals.
USA also going to be celebrating recession week from 15 December 2011.
European crisis is the major feather of the Nickel prices , which continuously falls from Rs 1200 to Rs 900 in MCX.
Nickel have support at Rs 840 levels above this short term trend totally bullish under then totally down.
The huge demand occurs in the Japan some desecration. Japan Government passed recovery package for covering losses from the March 11 tsunami.
But the prices & the Inventory continuously falls due to the slow down in the China.
China's imports drooped it directly affected the base - metals.
USA also going to be celebrating recession week from 15 December 2011.
European crisis is the major feather of the Nickel prices , which continuously falls from Rs 1200 to Rs 900 in MCX.
Nickel have support at Rs 840 levels above this short term trend totally bullish under then totally down.
