According to technical analysis by Commerzbank AG, nickel may decline as much as 9.4% to USD 22,509 a tonne after failing to record a weekly close above USD 25,000.
The attached chart shows the metal hasn’t ended the week higher than USD 25,000 since April. That price is near
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Tuesday, January 11, 2011
Nickel may drop to USD 22509 a tonne - Commerzbank
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