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Tuesday 31 May 2016

EPIC RESEARCH MCX COPPER UPDATE OF 31 MAY 2016

Copper trading range for the day is 310.8-315.2.              
Copper eased as a stronger dollar and fading Chinese demand dragged prices lower.  
Copper output in Chile fell in April as some mines as hit by heavy rains and ore grades continued to decline, the government said on Monday.  
Hedge funds and money managers added to their bearish bets in copper, taking the total to the highest since January, in the week to May 24, CFTC said.

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