EPIC RESEARCH MCX COPPER UPDATE OF 21 JUNE 2016

Copper trading range for the day is 303.6-317.6.              
Copper gains as the dollar weakened following comments by a Federal Reserve official suggesting fewer U.S. interest rate hikes were on the cards.    
China’s copper output in May rose 6.6 percent from a year ago to 680,000 tonnes.          
Hedge funds and money managers have raised their net short position in COMEX copper contracts to the biggest on record

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