EPIC RESEARCH MCX COPPER UPDATE OF 17 JULY 2018

Copper trading range for the day is 416.6-426.4. Copper steadied after China's second-quarter growth slowed as expected, with the focus expected to shift to China's response to the latest U.S. tariffs plan. There is some evidence that China has begun easing credit restrictions, which would be supportive mostly for bulks and to a lesser extent to copper. Copper speculators switched to a net short position of 12,919 contracts, the Commodity Futures Trading Commission said last week.

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