Sunday, 13 July 2014

CAPITAL STROKE UPDATE 14-July-2014 : MCX COPPER







COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-446 R1-442 S1-432 S2-426
Copper edged lower as investors eyed rising warehouse stocks, but prices gained on weekly basis with tightening global supplies.

China imported 350,000 mt of unwrought copper and copper semis in the month, down 7.9% and setting a low last seen in April 2013.

Copper inventories in Shanghai Futures Exchange warehouses rose 3.8 percent from last Friday to 84,453 tonnes.

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