EPIC RESEARCH MCX COPPER UPDATE OF 3 MAY 2016
Posted by Unknown on 13:14:00 with No comments
Copper trading range for the day is 331.6-342.4. Copper prices dropped as a debt-fuelled pick-up in China's economy encouraged caution over expectations of future demand.
U.S. factory activity expanded at a more moderate pace in April due in part to a slowdown in new orders.
Hedge funds and money managers switched to a net long position in copper futures and options in the week to April 26, U.S. CFTC data showed.
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