EPIC RESEARCH MCX COPPER UPDATE OF 20 FEBRUARY 2018

Copper trading range for the day is 451.5-465.1. Copper dropped as a resurgent dollar dragged down prices, while the Lunar New Year holidays reduced liquidity. Hedge funds and money managers cut their net long positions in COMEX copper contracts in the week to Feb. 13, U.S. CFTC data showed. The dealers cut their net long position in copper by 17,690 contracts to 36,119 contracts, according to the CFTC data, the lowest since May.
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