Monday 1 September 2014

CAPITAL STROKE UPDATE 1-September-2014 : MCX COPPER



COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-438 R1-434 S1-424 S2-418

Copper settled up despite concerns over China and euro zone weakness and escalating Russia-Ukraine tension.

World No. 1 copper producer Chile is seen boosting its output of the red metal to a record 6.3 million tonnes in 2015, despite an economic slowdown.

In the U.S., data showed the economy rebounded more strongly than initially reported for the second quarter.


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