EPIC RESEARCH MCX COPPER UPDATE OF 07 FEBRUARY 2017

Posted by aditi on 11:02:00 with No comments
Copper trading range for the day is 387.1-396.9. Copper gained on short-covering as concerns about kinks in mine supply have helped to turn speculators positive towards copper. At Escondida mine in Chile, Worker prepared to re-enter dialogue with the company after BHP asked for govt mediation to try to avoid a strike. Hedge funds and money managers increased their net long position in COMEX copper contracts to a record high level in the week to January 31.

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