Wednesday 18 June 2014

CAPITAL STROKE UPDATE 18-June-2014 : MCX COPPER



COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-420 R1-414 S1-402 S2-396
Copper gained as China's affirmation of economic growth targets and expectations of further stimulus measures reassured investors.
China is confident it will hit its growth target of 7.5 percent this year, Chinese Premier said, adding government was ready to adjust policy to ensure it does.

China's production of refined copper in May rose 5.3 percent from the previous month, data from the National Bureau of Statistics showed.

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