EPIC RESEARCH MCX Copper UPDATE OF 1 February 2019

Posted by Commodity Updates by Epic Research on 14:34:00 with No comments

Copper trading range for the day is 433.3-442.1.
* Copper prices remained supported after the U.S. Federal Reserve said it would be patient with interest rate hikes.
* A second straight monthly contraction in manufacturing activity in top metals consumer China capped gains.
* China’s official Purchasing Managers' Index (PMI) for January ticked up fractionally to 49.5.

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