EPIC RESEARCH MCX COPPER UPDATE OF 3 JUNE 2016

Posted by Farhan Khan on 11:30:00 with No comments
Copper trading range for the day is 306.9-311.3.              
Copper settled down facing a 2 percent weekly drop as a stronger dollar and ebbing seasonal demand from top consumer China undermined prices.         
ECB President Mario Draghi said inflation would likely remain very low or negative in the next few months.   
The total net long position of funds trading copper on the LME rose to 25,404 lots on May 27 from 24,919 lots the previous Friday, an LME report showed.


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