Tuesday, 4 July 2017

EPIC RESEARCH MCX COPPER UPDATE OF 04 JULY 2017

Copper trading range for the day is 383.9-391.9. Copper prices remained supported as brighter factory demand from China supported prices. China's factories grew at the quickest pace in three months in June, lifted by strong new orders, in a sign of stabilising growth. Hedge funds and money managers added 9,531 contracts to their net long position in copper, bringing it to 58,816 contracts, the data showed, still below highs seen earlier in June.

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