Moneycontrol
Last Updated : Jun 27, 2017 12:59 PM IST | Source: Moneycontrol.com

Copper to trade in 370.3-376.5: Achiievers Equities

According to Achiievers Equities, Copper dropped as the dollar firmed, but the metal held near the highs as expectations for upbeat Chinese demand and concern over mine supply lent support.


Achiievers Equities' commodity report on Silver


Copper trading range for the day is 370.3-376.5.

Copper dropped as the dollar firmed, but the metal held near the highs as expectations for upbeat Chinese demand and concern over mine supply lent support.

Copper inventories in LME warehouses now down nearly 100,000 tonnes, or 28 percent, from their early May peak.

Hedge funds and money managers cut their net long position in copper futures and options by 13,552 contracts to 49,285 in the week to June 20, U.S.

CFTC data showed   BUY COPPER JUN 2017 @ 371.00 SL 368.00 TGT 374.50-378.00.MCX.

First Published on Jun 27, 2017 12:59 pm
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