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Looks like nickel price is taking a bit of a breather. Trumps...

  1. stateoftheart
    206 Posts.
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    13/06/18
    17:11
    Post #: 33687445
    Looks like nickel price is taking a bit of a breather. Trumps recent cooperative move with North Korea and recent shift away from the western allies such as Canada and England are making it hard for the market to anticipate what’s next.

    For WSA and Ni price the best news would be some confirmation of sanctions against Russian suppliers.

    Beyond that we just need to see draw downs in ni warehouse levels and more news regarding EV batteries.

    Of course the polar opposite could occur and I guess that’s why we’ve seen a bit of a pull back in the SP.
    Last edited by stateoftheart: 13/06/18
    WSA Price at posting: $3.57 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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