Nickel on MCX settled down -0.73% at 652 traded in the range while LME Nickel price ended unchanged at $10,180, balanced by potentially bullish and bearish news. A suspended Philippine nickel miner has asked the president to allow it to ship ore stockpiles after some cargoes were seized. Cyclonic winds and heavy rain buffeted New Caledonia, prompting residents of the French South Pacific territory to seek shelter and halt mining of nickel, its most important export. China has been the target of anti-dumping lawsuits, and this is expected to be a hot topic in the meeting of the two world leaders.

Trading Ideas:

Nickel trading range for the day is 644.7-662.5.

Nickel traded in the range while LME Nickel price ended unchanged at $10,180, balanced by potentially bullish and bearish news.

A suspended Philippine nickel miner has asked President Rodrigo Duterte to allow it to ship ore stockpiles after some cargoes were seized.

Cyclonic winds and heavy rain buffeted New Caledonia, prompting residents of the French South Pacific territory to halt mining of nickel.

Get Commodity Market Trading Tips for click here http://www.ripplesadvisory.com/services.php.