Thursday 11 September 2014

CAPITAL STROKE UPDATE 10-September-2014 : MCX COPPER




COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-434 R1-428 S1-418 S2-412

Copper settled up 0 but remained near a one-month low due to concerns about growth in top consumer China.

As anticipation of further stimulus package in China fell through and the US dollar index held above 84, metal markets remained under pressures.

The global refined copper market is seen flipping into a surplus of 405,000 tonnes this year.


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