Tuesday, 20 June 2017

EPIC RESEARCH MCX COPPER UPDATE OF 20 JUNE 2017

Copper trading range for the day is 363.7-372.5. Copper prices gained helped by news and data from China that indicated higher demand for the commodity. China's central bank plans to step up support for "green" financing, including incentives to encourage banks to extend more loans for projects friendly to the environment. Speculators increased their net long position in copper futures and options, latest data from the U.S. Commodity Futures Trading Commission showed.



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