MARKET TALK: LME Nickel Looks To Support At $41,000/Ton

LME nickel continues downtrend overnight, moves swiftly through 10-day moving average to 10-day low of $42,800/ton, might find limited support at 30-day moving average at $41,000, says Standard Bank. LME nickel stocks rise by a larger-than-usual 654 tons to 4,302 tons. Corrective mode looks to continue following recent bursts to new record highs. LME 3-month nickel ticks slightly higher from overnight lows, last trades at $43,900, up $45 vs yesterday's PM kerb.