EPIC RESEARCH MCX Copper UPDATE OF 28 August 2018

Copper trading range for the day is 415.7-422.1.

Copper gains as the dollar came under pressure after United States and Mexico reached a bilateral trade deal.

China's investment growth, already at record lows, may weaken even further in future and authorities should step up fiscal and financial measures to give it a boost.

Copper stocks across Shanghai bonded areas shrink 2,400 mt from a week ago to 477,900 mt as of now.

Warehouse stock for Copper at LME was at 267075mt that is up by 125mt.

BUY COPPER AUG 2018 @ 416.00 SL 413.00 TGT 419.80-423.00.MCX

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