EPIC RESEARCH MCX COPPER UPDATE OF 18 JULY 2018

Copper trading range for the day is 411.9-428.3. Copper prices edged lower pushed down by a stronger dollar and fears that demand will be damaged by a global trade war and weaker economic growth in China. Headline stocks of copper in LME-registered warehouses gained 2,525 tonnes, but were still at their lowest since January. Copper speculators switched to a net short position of 12,919 contracts, the CFTC said last week, the weakest position since December 2016.

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