Thursday, 10 July 2014

CAPITAL STROKE UPDATE 10-July-2014 : MCX COPPER




COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-442 R1-436 S1-426 S2-420
Copper prices seen under pressure after data showed that consumer price inflation cooled slightly more than expected in June.

Data showed that consumer price inflation in China rose 2.3% in June from a year earlier, slowing from 2.5% in May.
Dwindling copper supplies have underpinned prices.

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