EPIC RESEARCH MCX COPPER UPDATE OF 16 JUNE 2016

Copper trading range for the day is 300.6-319.6.              
Copper rose on evidence that Chinese growth is stabilizing and as concern over a buildup in metal stockpiles eased.  
The Fed kept interest rates unchanged and said slower economic growth would crimp the pace of monetary policy tightening in future years.        
Money managers cut their bullish copper bets to a four-month low in London last week, when stockpiles surged the most in a decade.

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