Thursday 31 July 2014

CAPITAL STROKE UPDATE 1-August-2014 : MCX COPPER



COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-444 R1-440 S1-430 S2-426
Copper gains as support seen after U.S. economy signaled stronger demand in the world’s second-largest user of the metal.
Freeport plans to resume copper concentrate exports from Indonesia in August, the company said.

Chile produced 488,078 tonnes of copper in June, a 1.2 percent increase from a year earlier mainly due to improved ore grades, the government said.

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