COPPER: CONSOLIDATE STRATEGY BUY ON DIPR2-426 R1-422 S1-410 S2-404
Copper ended with losses under pressure from signs of a surplus and doubts about the outlook for demand from China
Traders were concerned about disruption to import shipments related to a probe of financing deals.
Fed’s Beige book indicated modest growth in most of federal districts, and the US trade deficit expanded to a 2-year high in April.In the US, factory orders increased more than expected in April, but prices fell slightly.
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