Tuesday, 5 December 2017

EPIC RESEARCH MCX COPPER UPDATE OF 05 DECEMBER 2017

Copper trading range for the day is 439.6-448.4.Copper prices dropped amid stronger dollar, but prices looked to find support from resilient manufacturing demand in top consumer China.Metals demand would come under pressure as construction activity winds down over winter from levels already curbed by Beijing's anti-pollution drive.Hedge funds and money managers raised their net long positions in COMEX copper contracts in the week to Nov. 28, U.S. CFTC data showed.

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