Friday 13 June 2014

CAPITAL STROKE UPDATE 13-June-2014 : MCX COPPER




COPPER: CONSOLIDATE STRATEGY BUY ON DIPR2-406 R1-400 S1-390 S2-384
Copper dropped on caution over a Chinese investigation into metals financing that could impact metals trade and release metal onto the market.
China's central bank said it would keep monetary policy steady in 2014, even as the finance ministry said fiscal spending had surged nearly 25 percent in May.

Thousands of tonnes of "invisible" copper now being hurriedly ushered out of some Chinese warehouses may remain out of sight for months longer.


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