Tuesday 1 July 2014

CAPITAL STROKE COMMODITY UPDATE 2 JULY 2014 :: MCX COPPER


 COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-438 R1-434 S1-422 S2-416 .Copper settled down while sentiments remain firm as investors cheered upbeat data on China’s manufacturing sector.China’s final HSBC Purchasing Managers Index came in at 50.7, weaker than a preliminary reading of 50.8 but higher than May's 49.4 figureMarket expects the U.S. economy to have added 210,000 jobs this month while the jobless rate is seen steady at 6.3%.
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