Tuesday 23 September 2014

CAPITAL STROKE UPDATE 24-September-2014 : MCX COPPER



COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-424 R1-419 S1-410 S2-405

Copper settled down but downside seen limited as encouraging manufacturing data from China helped allay some fears about the outlook for demand.

The global refined copper market's deficit narrowed to 27,000 tonnes in June, compared with an 88,000-tonne deficit in May – ICSG

Workers at Escondida went on strike for 24 hours, calling the stoppage a "warning" as they seek improved working conditions.

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