EPIC RESEARCH MCX COPPER UPDATE OF 31 JANUARY 2017

Copper trading range for the day is 388.9-409.5. Copper prices dropped as optimism over U.S. President Donald Trump's capacity to drive economic growth faded. Copper last week neared the $6,000 a tonne mark, supported by a drawdown in LME inventories this year. Hedge funds and money managers added to their net long positions in copper futures and options in the latest week, data from the U.S. CFTC showed.




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