Sunday 15 June 2014

CAPITAL STROKE UPDATE 16-June-2014 : MCX COPPER




COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-412 R1-406 S1-394 S2-388
Copper prices recovered as buying picked up a day after prices dropped due to concerns over demand and a probe into metals financing in China.
News that authorities are investigating the use of cargoes of metal as collateral in financing deals in China has raised fears about trade in the metal.

Investors are likely to monitor economic data from China closely to gauge the health of the economy has had a soft start to the year.

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