EPIC RESEARCH MCX COPPER UPDATE OF 2 JUNE 2016

Posted by Farhan Khan on 11:58:00 with No comments
Copper trading range for the day is 305.8-314.6.              
Copper dropped to its lowest in a week as a mixed outlook for China's manufacturing growth in May.
Pressure seen as strong dollar and expectations that brightening economic picture in the US could herald a rate hike as soon as June.   
LME data also showed copper inventories rose 2,625 tonnes on Wednesday and have gained about 8 percent since early April.


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