Monday 21 July 2014

CAPITAL STROKE UPDATE 22-July-2014 : MCX COPPER





COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-438 R1-432 S1-421 S2-415

Copper rebounded from the day's low as bottom fishers entered the market after declined by 2.5% the previous week.

The International Monetary Fund (IMF) raised its GDP forecasts for Germany from 1.7% to 1.9% this year and from 1.6% to 1.7% in 2015.

China's imports of refined copper stood at 255,041 tonnes in June, down 8.16 percent from a year ago, data released showed.

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