Sunday 22 June 2014

CAPITAL STROKE UPDATE 23-June-2014 : MCX COPPER



COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-424 R1-420 S1-410 S2-406
Copper rose backed by tighter physical supply in top metal consumer China.
Combined copper stockpiles monitored by exchanges in London, Shanghai and New York extended a drop to the lowest since October 2008.

Physical copper supply in China - the world's biggest consumer of the metal - is tightening at a time when demand is brisk.

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