EPIC RESEARCH MCX COPPER UPDATE OF 18 July 2018
Posted by Commodity Updates by Epic Research on 13:26:00 with No comments
Copper trading range for the day is 411.9-428.3.
* Copper prices edged lower pushed down by a stronger dollar and fears that demand will be damaged by a global trade war and weaker economic growth in China.
* Headline stocks of copper in LME-registered warehouses gained 2,525 tonnes, but were still at their lowest since January.
* Copper speculators switched to a net short position of 12,91
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