EPIC RESEARCH MCX COPPER UPDATE OF 8 MAY 2018

Copper trading range for the day is 453.9-465.7. Copper gains on expectations that Chinese data in the weeks ahead will show the economy in the world’s top metals consumer remained strong in April. The global refined copper market showed a small surplus of 33,000 mt in January, largely due to an increase in mine production. Hedge funds and money managers trimmed their net long positions in COMEX gold and copper contracts in the week to May 1, U.S. CFTC data showed.

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