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Thursday 21 December 2017

EPIC RESEARCH MCX COPPER UPDATE OF 21 DECEMBER 2017


Copper trading range for the day is 443.4-461.2.Copper hit a two-month high as dollar fell and investors remained upbeat about global growth and China's economy remained on a firm footing. Support seen after news that Beijing will deepen structural reforms and curb risks to the financial system while maintaining steady growth in 2018. Funds have slashed their collective net long positioning on the COMEX copper contract from over 125,000 contracts to a current 48,384.






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