Thursday 21 August 2014

CAPITAL STROKE UPDATE 22-August-2014 : MCX COPPER



COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-436 R1-430 S1-420 S2-416

Copper edged lower after a gauge on China's factory health showed growth slowed in August, denting optimism over demand.

FOMC’s meeting minutes show the Fed will likely hike interest rates soon, weighing down base metals prices.

HSBC’s August PMI for China fell far short of market expectations and PMIs from euro zone countries remained sluggish.

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