Tuesday 20 May 2014

CAPITAL STROKE COMMODITY UPDATE 21 MAY 2014: MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIPR2-422 R1-416 S1-406 S2-402

Copper dropped on profit booking after gaining on hopes a new raft of financial reforms would shore up China's slowing economy.
Adding to supportive measures, China's State Administration of Foreign Exchange said it will reform the management of cross-border foreign exchange guarantees

Copper stored in LME, have fallen 49% from the start of year to 186,525 metric tons as of last week, the lowest level since September 2008.
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