Wednesday, 28 June 2017

EPIC RESEARCH MCX COPPER UPDATE OF 28 JUNE 2017

Copper trading range for the day is 369.9-381.5. Copper rose with the dollar weakening after data raised questions about the pace of possible U.S. interest rate hikes. However, upside seen limited by news that new orders for key U.S made capital goods fell unexpectedly in May, suggesting a loss of momentum in the manufacturing sector. Strikes at mines and the low availability of scrap for China to import could dampen supply.

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