Wednesday 20 August 2014

CAPITAL STROKE UPDATE 20-August-2014 : MCX COPPER




COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-426 R1-420 S1-410 S2-406
Copper prices dropped despite positive effects from US economic data released yesterday, the strengthening US dollar index will weigh on prices.

The US CPI rise was reported at a five-month low in July, while housing starts hit an eight-month high, beating forecast.

US housing starts rose in July to a fresh 8-month high, while housing permits, a gauge of future house demand


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