Friday 18 July 2014

CAPITAL STROKE UPDATE 18-July-2014 : MCX COPPER


COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-440 R1-436 S1-426 S2-418
Copper recovered in late trade after prices seen pressure amid growing concern over the outlook for metal demand from the property sector.

Economic growth in China picked up slightly in the second quarter thanks to state stimulus measures.

U.S. data was mixed as jobless claims unexpectedly fell, suggesting the labour market recovery was gaining traction.

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