The UK government has added Vladimir Potanin, Norilsk Nickel’s president and chairman of the management board, to its list of sanctioned individuals. The LME nickel price remains...
Nickel prices appeared to hit a bottom in mid-May, but the trend remains down. Moreover, recent price action showed few signs of any bullish structures on a weekly scale. All in...
Paul Singer’s Elliott Investment Management is renowned for driving a hard-line, most famously leading a 15-year standoff against Argentina over a debt default.
Nickel, copper, and uranium are under pressure and have a further downside. Crude and natural gas also have further declines to come.
t Pd, 1.28% Cu and 0.72% Ni from 392.0-406.
Remember back in early March when metals such as nickel were so red-hot that the exchange literally had to shut down? Well, sure enough it has completely retraced.
Type | Daily | Weekly | Monthly |
|---|---|---|---|
| Moving Averages | Strong Sell | Sell | Buy |
| Technical Indicators | Strong Sell | Strong Sell | Strong Buy |
| Summary | Strong Sell | Strong Sell | Strong Buy |