Tuesday, 8 July 2014

CAPITAL STROKE UPDATE 9-July-2014 : MCX COPPER



COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-444 R1-440 S1-430 S2-424
Copper settled flat as pressure seen amid profit booking after prices gained as growing optimism over the health of the U.S. economy supported.Prospects for economic recovery gathered pace following last week's encouraging U.S. jobs data and upbeat factory numbers from China.
Favourable fundamentals include inventory levels in LME warehouses, which, at 158,050 tonnes, are at their lowest in nearly six years.

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