EPIC RESEARCH MCX Copper UPDATE OF 29 November 2018

Copper trading range for the day is 421.1-442.5.

* Copper prices gained after investors saw comments from the U.S. Federal Reserve chair as a sign the central bank's interest rate hike cycle is drawing to a close.

* U.S. President Trump is open to reach a deal on trade with Chinese leader Xi Jinping but is ready to hike tariffs on Chinese goods if there is no breakthrough.

* Tight supplies, traders' and downstream demand for cargoes with November's invoices kept spot copper premiums at 70-130 yuan/mt.


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