Monday 8 September 2014

CAPITAL STROKE UPDATE 9-September-2014 : MCX COPPER




COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-438 R1-434 S1-424 S2-418

Copper prices seen supported as the European Central Bank’s interest rate cut continued to boost the market.

The European Central Bank’s interest rate cut continued to boost the market.

Orders to remove copper from warehouses monitored by the LME jumped 21 percent to 28,825 tons, the biggest advance since July 7.

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