Friday, 11 July 2014

CAPITAL STROKE UPDATE 11-July-2014 : MCX COPPER




COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-446 R1-442 S1-432 S2-426
Copper settled up with tightening global supplies and economic optimism driving prices higher.

Chinese trade data added to signs the economy is slowly stabilising after a weak start to the year.

China's copper imports fell 7.9 percent month-on-month in June, dropping as Chinese banks reduced lending for metals imports.

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