EPIC RESEARCH MCX COPPER UPDATE OF 30 JUNE 2016
Posted by Unknown on 12:05:00 with No comments
Copper trading range for the
day is 320.8-328.2.
Copper gained bolstered by a softer dollar and fading fears about Britain's vote to exit the European Union.
After touching a low of $4,588 after the UK Brexit vote, copper has rallied more than 5 percent as investors bought futures to cancel short positions. Copper stocks on the Shanghai Futures Exchange have dropped by 60 percent since March, LME stocks surged by nearly 40 percent in early June.
Copper gained bolstered by a softer dollar and fading fears about Britain's vote to exit the European Union.
After touching a low of $4,588 after the UK Brexit vote, copper has rallied more than 5 percent as investors bought futures to cancel short positions. Copper stocks on the Shanghai Futures Exchange have dropped by 60 percent since March, LME stocks surged by nearly 40 percent in early June.
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