CAPITAL STROKE COMMODITY UPDATE 1 JULY 2014 :: MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-438 R1-434 S1-422 S2-416 .Copper gains boosted by some positive economic data out of the US and improved sentiment about the prospects for demand in China.Prices took strength from data showing US pending home sales rose 6.1 per cent in May from a month earlier, beating forecasts of a 1.1 per cent increase.The global copper market was expected to swing into a surplus in 2014 for the first time in four years. 

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