COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-442 R1-436 S1-426 S2-422
Copper dropped on profit booking but gains on weekly basis on expectations the global economy is on a firmer footing and on a brighter outlook.
There was also support from strong job market data in the United States, although this was tempered by an 8.1 percent fall in new home sales in June
Investors should be focused on US July manufacturing PMI and pending home sales for June due for release late today.
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