Nickel CMNI3 slid 8.92 percent, reversing some of its recent gains on profit-taking by funds that trade on buy or sell signals generated by numerical models.
The outlook will depend on the economic outlook in China, where growth and demand for industrial metals has slowed.
If a Chinese stimulus package does materialise, additional potential infrastructure investment would help to lift commodity prices, UBS analysts said.
http://www.*****net.com/charts/metals/base/t24_nk450x275.gif
Column 1
Column 2
0
Nickel
March 08,13:59
Column 1
Column 2
Column 3
Column 4
0
Bid/Ask
3.8521
-
3.8566
1
Change
-0.3772
-8.92%
2
Low/High
3.8362
-
4.2316
AVQ Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held
