EPIC RESEARCH MCX COPPER UPDATE OF 5 DECEMBER 2016

Posted by aditi on 11:32:00 with No comments
Copper trading range for the day is 391.2-401. Copper eased as traders unwound speculative positions on doubts that the post U.S. election rally has much further to run. Adding to the downturn in sentiment was news that the Chinese government will implement a new commission to oversee new infrastructure projects. However downside were limited as data showed that the US and China are growing at a multi-year high pace in manufacturing and jobs creation.

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