EPIC RESEARCH MCX COPPER UPDATE OF 26 JULY 2016

Copper trading range for the day is 329.3-337.7.              
Copper prices pared gains as a sharp drop in oil prices overshadowed expectations of looser global central bank policy.              
The global copper market is expected to move into surplus this year, as boom time-driven new mine supply ramps up mostly from Peru.          
Hedge funds and money managers increased their copper net long to the highest since the end of March in the week to July 19, data showed.

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