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Tuesday 17 May 2016

EPIC RESEARCH MCX COPPER UPDATE OF 17 MAY 2016

Copper trading range for the day is 307.1-315.9.              
Copper edged higher after an improvement in China's property sector offset several softer gauges of China's economy that had rattled investors over the demand.    
Industrial production rose at an annualized rate of 6.0% in April, below expectations for a 6.5% increase, the General Administration of Customs said.            
Hedge funds and money managers switched to a net short position in copper futures and options in the week to May 10, U.S. CFTC data showed. 

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