Thursday, 22 May 2014

CAPITAL STROKE COMMODITY UPDATE 22 MAY 2014:: MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIPR2-420 R1-414 S1-404 S2-398
Copper drifted lower as traders took profits after prices failed to build on gains, suggesting lukewarm appetite from consumers.
Copper prices have been well-supported in recent sessions amid growing concerns over a shortfall in supply in the near-term.


China's HSBC May flash manufacturing PMI rose to 49.7, well above expectations of matching the April reading of 48.1.
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