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Friday, 8 April 2016

EPIC RESEARCH MCX COPPER UPDATE OF 8 APRIL 2016

Copper trading range for the day is 298.9-320.9.              
Copper dropped to a one-month low dropped nearly 3% as simmering demand concerns undermined prices and came under further selling pressure.
Copper earlier found support as minutes of a Fed meeting showing caution among policymakers on raising U.S. interest rates.  
China may be about to shock the global copper market by unleashing some of its stockpiles, which are near record highs, onto the global market.

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