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Tuesday 23 August 2016

EPIC RESEARCH MCX COPPER UPDATE OF 23 AUGUST 2016

Copper trading range for the day is 314.2-323.2. Copper edged down in the face of a stronger dollar and as glut-hit China ramped up its exports of the metal. Exports of unwrought copper and copper products from China stood at 75,022 tonnes in July, a more-than-fivefold increase from the same month a year earlier. Hedge funds and money managers switched back to a net long position in copper futures and options in the week to Aug. 16, U.S. CFTC data showed. For more Accurate COMMODITY TIPS ✆ – 0731-6642300

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