EPIC RESEARCH MCX COPPER UPDATE OF 17 July 2018

Copper trading range for the day is 416.6-426.4.

* Copper steadied after China's second-quarter growth slowed as expected, with the focus expected to shift to China's response to the latest U.S. tariffs plan.

* There is some evidence that China has begun easing credit restrictions, which would be supportive mostly for bulks and to a lesser extent to copper.

* Copper speculators switched to a net short position of 12,919 contracts, the Commodity Futures Trading Commission said last week.

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