Friday, 16 June 2017

EPIC RESEARCH MCX COPPER UPDATE OF 16 JUNE 2017

Copper trading range for the day is 363.1-369.3.Copper recovered from the day's low on short covering as trader book there short after prices fell after the Federal Reserve lifted U.S. interest rates China's central bank left interest rates for open market operations unchanged, shrugging off an overnight increase in the U.S. Federal Reserve's key policy rate. Copper inventories in London Metal Exchange warehouses fell another 4,125 tonnes, data showed, taking them to their lowest in more than six weeks.

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