Friday 19 September 2014

CAPITAL STROKE UPDATE 19-September-2014 : MCX COPPER



COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-432 R1-426 S1-414 S2-408

Copper slipped pressured by renewed weakness in China's property market and by a sharp rise in the dollar after the U.S. Fed’s statement.

Data pointed to a firming labour market as U.S. jobless claims fell 36,000 last week, more than expected.

Also putting pressure on copper prices was a decline in China's new home prices in August for a fourth straight month.

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