Monday 30 June 2014

CAPITAL STROKE COMMODITY UPDATE 30 JUNE 2014 :: MCX COPPER


COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-432 R1-428 S1-418 S2-412 
Copper dropped on signs that supplies will outpace demand in China but was on track to gain on week.
China's imports of refined copper increased premium in the past week to make up about 20% could prompt to increase its copper imports in July.
Inventories monitored by the Shanghai Futures Exchange rose 4.6 percent, the first gain since mid-May.

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