MARKET TALK: LME Nickel To Hit $50,000/Ton In Apr - Barcap

LME nickel firmly on course to hit technical target of $50,000/ton after closing above old record high of $48,500, then $51,900 this month, says Barclays Capital. Nickel bounces off trendline support, and "given the underlying bullish setup, we have no reason to believe the high will not be breached", it adds. LME 3-month nickel at $48,700, up $115 on yesterday's PM kerb.