EPIC RESEARCH MCX COPPER UPDATE OF 02 AUGUST 2017

Copper trading range for the day is 403.4-413.2. Copper prices dropped as profit taking capped a rally spurred by a weaker dollar and solid China growth reports.Open interest in the Shanghai copper contract surged by 20 percent as prices rose last week, signalling fresh buying by investors. Contracts to buy previously owned U.S. homes rebounded in June after three straight monthly declines.

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