Nickel Leads Gains in Industrial Metals in London: LME Preview
Nickel led gains on the London Metal Exchange, with industrial metals heading for the first advance in six days. The LME index of six metals has dropped 4.9 percent the past five days.
-- Copper advanced 0.3 percent at $7,895 a metric at 8:07 a.m. on the London Metal Exchange. Relative strength index 37. -- Aluminum added 0.5 percent to $2,086 a ton. RSI 47. -- Nickel gained 2.1 percent to $16,974 a ton. RSI 38. -- Lead advanced 0.8 percent to $2,345 a ton. RSI 44. -- Tin was up 1.7 percent at $23,500 a ton. RSI 35. -- Zinc rose 0.8 percent to $2,129 a ton. RSI 49. Other markets: Last % Change % YTD U.S. Dollar Index 81.26 -0.3 1.9 Crude Oil $93.07 0.3 1.4 Gold $1,585.15 0.6 -5.4 MSCI World Index 1,392.55 0.0 4.1 Economic Events: Survey Prior Time (London) GE IFO Business Climate 104.9 104.2 09:00 IT Consumer Confidence Ind. 84.6 84.6 10:00
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