EPIC RESEARCH MCX COPPER UPDATE OF 28 JUNE 2016

Copper trading range for the day is 314.2-322.2.              
Copper remained supported as funds and traders reversed short-term bets of lower prices on expectations of economic stimulus.            
The central People's Bank of China said it will continue to implement prudent monetary policy and proactive fiscal policy.                
Hedge funds and money managers lowered their net short position in copper futures and options, taking it off the prior week's record, CFTC data showed.

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