EPIC RESEARCH MCX COPPER UPDATE OF 25 MAY 2016

Posted by Farhan Khan on 11:35:00 with No comments
Copper trading range for the day is 306.4-317. 
Copper gained as new-home sales in the U.S. surged to the highest in eight
years, boosting demand prospects for the metal  
The global world refined copper market showed a 24,000-tonne surplus in February, compared with a 51,000-tonne surplus in January, the ICSG said.
New U.S. single-family home sales recorded their biggest gain in 24 years in April, touching a more than eight-year high as purchases increased broadly


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