Nickel stockpiles flat, and prices off their low

Nickel stockpiles are currently consolidating at a 1-year high, and I do believe that prices have found a floor, though I dont see it as time to enter this market just yet until stockpiles start falling. Prices seem likely to respond soon enough since they are close to their lows.

As we can see in this 5yr chart, nickel prices are consolidating at current levels (right chart)
-----------------------------------------
Andrew Sheldon www.sheldonthinks.com