ripples advisory Nickel trading range and Copper trading

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Nickel trading range for the day is 566.2-580.2.Nickel dropped tracking LME prices on the speculation that Chinese base metals demand is expected to taper off in the second half of the year Activity in Chinas services sector expanded at the fastest pace in four months in May thanks to a surge in new orders, a private business survey showed.Eurozone business activity remained strong in May, underpinned by increasing demand.

Copper trading range for the day is 360-368.6.Copper slipped as the dollar recovered and investors eyed an increase in Shanghai inventories.Freeport McMoRan Inc said that mining and milling rates at its Grasberg copper mine in Indonesia had been affected by an extended strike.Hedge funds and money managers trimmed their net long position in COMEX copper, U.S. Commodity Futures Trading Commission data showed.

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