LME nickel upside move is seen continuing, with good buying on dips and continued tight supply, says BaseMetals.com analyst Will Adams. "I still feel very nervous with nickel. When it does turn it will probably come down very fast and if there are a lot of specs in there it will come down even faster," Adams says. Adds "If it moves down below $39,000 a metric ton we could be at $35,000/ton before we know it." Notes strong technical support at $35,000/ton. LME nickel traded last at $43,000/ton, up 1% on the day.
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