Monday 4 August 2014

CAPITAL STROKE UPDATE 5-August-2014 : MCX COPPER




COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-448 R1-444 S1-432 S2-426
Copper gained as a rally in China's stock markets indicated improving prospects for demand in the world's largest consumer of the industrial metal.

But copper investors were cautious however, given expectations for increased supply this year.

Investors worried that growing inventories of the industrial metal in Shanghai warehouses pointed to a slowdown in demand.

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