Tuesday, 8 July 2014

CAPITAL STROKE UPDATE 8-July-2014 : MCX COPPER




COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-444 R1-440 S1-430 S2-424
Copper settled down after IMF's MD Christine Lagarde hinted that the agency may be preparing to cut its global growth forecasts.
China is due to release data on consumer price inflation on Wednesday, followed by a report on the trade balance on Thursday.
In the U.S., the Federal Reserve is due to release the minutes of its June policy meeting on Wednesday.Warehouse stock for Copper at LME was at 159350mt that is up by 2850mt.

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