LIVE FUTURES REPORT 15/10: LME nickel price struggles below $17,000/t despite fresh cancelations

Nickel fell in morning trading on the London Metal Exchange on Tuesday October 15, keeping below nearby resistance levels despite stocks falling further to fresh 10-year lows.

The three-month nickel price recently traded at $16,855 per tonne, down by around 2.3% from Monday’s closed. It had reached intra-morning high of $17,285 per tonne.

Turnover in nickel was high, indicating continued selling pressure - more than 3,300 lots had changed hands as of 9:20am London time, second to copper’s 3,450 lots.


Hassan Butt

October 15, 2019

10:34 GMT