EPIC RESEARCH MCX COPPER UPDATE OF 30 AUGUST 2016

Posted by Anonymous on 12:28:00 with No comments

  
Copper trading range for the day is 307-310. Copper prices traded in the range as a holiday in London market drained the market of direction. Global copper stockpiles outside of China are expected to rise for the remainder of the year, as China's imports slow and its exports stay robust. Hedge funds and money managers switched back to a net short position in COMEX copper futures and options in the week to Aug. 23, US CFTC data showed.
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