Nickel Falls, Leads Metals Lower Ahead of Likely U.S. Cuts: LME

Bloomberg reported that nickel led metals lower, at 0.7% drop, on speculation that spending cuts set to start on March 1 will significantly hurt the U.S. economy.

As quoted in the market news:

Nickel declined 0.7 percent to $16,588 a ton. RSI 33.

Click here to read the full Bloomberg report.