MARKET TALK: LME Nickel Dn As Profit Taking Persists

LME nickel continues to come under persistent profit taking with relatively thin liquidity leaving prices vulnerable to volatile trading patterns, says a broker. A 9% trading range Friday may be easily repeated although a move below $40,000/ton will leave nickel in "dangerous technical territory," he adds. LME nickel is last at $41,950/ton, -2% overnight.