MARKET TALK: LME Nickel Awaits Stock Data For Fresh Direction

LME nickel looks unconvincing despite a move off its one-week lows, with the release of stock data at 0900 GMT expected to provide direction, London broker says. A hike in LME stocks is expected to trigger further profit-taking although consumer and trade buyers appear happy to buy on the dips. "There's still an expectation that we'll go higher," he adds. LME nickel is last at $44,700 a metric ton, +4% from Wednesday.