EPIC RESEARCH MCX COPPER UPDATE OF 11 April 2017

Copper trading range for the day is 368.8-377.8. Copper eased as rising geopolitical tensions blunted appetite for risk and lifted the dollar, but prices were underpinned by tightening supply. LME copper stocks are at the lowest since early March, while ShFE copper stocks rose last week, but are down from near one-year highs reached a month ago. Hedge funds and money managers cut their net long position in copper futures U.S. Commodity Futures Trading Commission data showed.




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