EPIC RESEARCH MCX COPPER UPDATE OF 24 MAY 2016

Posted by Farhan Khan on 11:53:00 with No comments
Copper trading range for the day is 305.1-312.5.              
Copper recovered from lows on short covering after prices earlier remained under pressure as the dollar held strong on expectations US could raise interest rates next month.
Latest China data souring the mood further included copper exports that surged by 38 percent to 32,371 tonnes           
Reflecting a souring view towards copper prices, hedge funds and money managers extended their bearish bets in COMEX copper futures and options. 

 
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