According to Achiievers Equities, Copper dropped as dollar gained while concerns over whether the supply and demand backdrop justified its recent rally.
Achiievers Equities' report on Copper
Copper trading range for the day is 384.9-398.1.
Copper dropped as dollar gained while concerns over whether the supply and demand backdrop justified its recent rally.
Workers in Chile went on strike, with the union saying that night workers would not be replaced.
In Indonesia, Freeport-McMoRan Inc's Grasberg mine has yet to be granted a new export permit.
SELL COPPER FEB 2017 @ 393.00 SL 396.00 TGT 389.50-385.00.MCX.
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First Published on Feb 10, 2017 11:12 am