EPIC RESEARCH MCX COPPER UPDATE OF 15 FEBRUARY 2018

Copper trading range for the day is 441.5-466.1. Copper prices rose as traders took up new positions in the metal before the ShFE closes for a national holiday. Market open interest on Shanghai copper hit 811,170 lots, the highest since January 2016, ahead of the Lunar New Year holiday in China.Hedge funds and money managers cut their net long position in COMEX copper in the week to Feb. 6, U.S. Commodity Futures Trading Commission data showed.

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