Unfortunately the $US index is down about 7% over the start to finish of your channel so the world producers need a 7% rise in the $US nickel price just to be square over that time period. Nickel is priced in $US for convenience. How many US nickel producers are there in the market? Don't look to hard at a $US nickel price graph without considering the affect of $US price index. Anyway good rise last night partially offset by the falling $US index.
Consider that at current NP and a $US/AU of 60c, POS could restart and make a hardy profit.
China PMI 50.2, page-65
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