Monday 9 June 2014

CAPITAL STROKE UPDATE 10-June-2014 : MCX COPPER




COPPER: CONSOLIDATE STRATEGY BUY ON DIPR2-412 R1-406 S1-394 S2-388
Copper settled flat as prices misses rally falling on reports that China was probing suspected fraud involving metal stockpiles in the port of Qingdao.
Weaker than expected Chinese import data also weighed on market sentiment deepening concerns about the pace of economic growth.
China central bank cuts banks' reserve requirement ratio by 50 bps.

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