Tuesday 27 May 2014

CAPITAL STROKE COMMODITY UPDATE 27 MAY 2014:: MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIPR2-426 R1-422 S1-412 S2-406
Copper gained as seasonally strong demand put pressure on tight supplies amid modest trading volumes given holidays in Britain and US.
China’s refined copper imports from Europe’s top three suppliers to China, fell by 25,000 tonnes, or 44.4%, during April.

ECB officials said they were drafting plans that may possibly be proposed at June’s policy meeting, including lower interest rate and liquidity injection.

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