EPIC RESEARCH MCX COPPER UPDATE OF 27 JUNE 2018

Copper trading range for the day is 447.4-454.6. Copper prices recovered on short covering amid a strike threat at Codelco's Chuquicamata mine in Chile. In China, downstream demand remained sluggish amid slack season and cash woes towards the end of the first half despite the RRR cut. Hedge funds and money managers trimmed a net long position in copper futures and options in the week to June 19, U.S. Commodity Futures Trading Commission data showed.

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