Tuesday, 23 May 2017

EPIC RESEARCH MCX COPPER UPDATE OF 23 MAY 2017

Copper trading range for the day is 366.3-374.3.Copper gained as support seen after dollar slipped to a more than six-month low on Monday, weighed down by an uncertain U.S. political climate.Soothing regulatory comments and the People’s Bank of China’s cash injection offset worries over tighter banking regulations and economic growth.Freeport McMoRan mine will extend a strike for a second month, a union official said in an ongoing dispute over employment terms and layoffs.

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