Consolidation continues in high ground, for now... As nickel waits for the next news from Indonesia, to confirm one way or another whether the ore export ban will be reintroduced from 2022 or earlier, prices are doing well to still be consolidating as high as $16,000 per tonne. Reports suggest it is now up to President Joko Widodo to decide if the country will bring forward the ban. ...despite a mounting case for a deeper correction Nickel’s consolidation in high ground is happening despite a growing number of reasons that seem to support the case for a deeper correction by now. These include a short-term bearish technical argument after forming a clear double-top at $16,690 per tonne,...
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