Nickel Prices broke resistance Bid/Ask | 6.8213 | - | 6.8231 |
Change | +0.2043 | | +3.09% |
Low/High | 6.5671 | - | 6.8254 |
Dow Jones reports three month nickel closed Tuesday's trading session at
$6.67/lb . Indicators at 6:50 am CST today show 3 month nickel trading around $.07/lb
higher, with other London traded base metals trading higher as well. Stockpiles of nickel stored in LME licensed warehouses slipped off yesterday's record high and now totals just under the 270,950 tonne level. According to the figures we are seeing, nickel broke thur major resistance yesterday at $6.64/lb and a second close above that level today. could send a strong technical signal, that further increases in the traded price are ahead.