Monday, 6 October 2014

CAPITAL STROKE UPDATE 7 October 2014 : MCX COPPER



COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-426 R1-422 S1-410 S2-406

Copper edged higher as greenback took a breather from its recent rally against a basket of other major currencies sparked by upbeat U.S. employment data.

The greenback strengthened broadly last Friday after the Labor Department reported that the U.S. economy added 248,000 jobs in September.

Copper stockpiles monitored by the LME fell 0.3 percent to 150,050 tons, the lowest since Sept. 2, daily data showed.

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