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Tuesday, 6 March 2018

EPIC RESEARCH MCX COPPER UPDATE OF 06 MARCH 2018

Copper trading range for the day is 446.5-456.1. Copper turned flat in yesterday’s session as upbeat comments on China´s economy at the annual opening to parliament underpinned prices. Prices are expected to recover as manufacturing demand cranks up into the seasonally strongest second quarter.

Hedge funds and money managers cut their net long positions in COMEX gold and copper contracts in the week to Feb. 27, U.S. CFTC data showed.

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