EPIC RESEARCH MCX COPPER UPDATE OF 6 JUNE 2016

Posted by Farhan Khan on 11:36:00 with No comments
Copper trading range for the day is 305.4-321.6.              
Copper rallied after further erosion of inventories and as the likelihood of early U.S. rate hikes diminished.   
Copper stockpiles in warehouses tracked by the SHFE fell for a fourth week to the lowest since Jan. 21.            
There was underlying concern, however, about demand in China, highlighted on Friday after data showed growth in its services sector hit a three-month low in May

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