EPIC RESEARCH MCX COPPER UPDATE OF 22 FEBRUARY 2018

Copper trading range for the day is 450.6-466.Copper prices recovered on expectations that labour strife at copper mines this year would reduce supplies.On-warrant copper stocks in LME warehouses were down 1,075 tonnes at 289,975 tonnes. So far this year, they have risen by 84 percent.Bets on higher prices have decreased, with the net long position of hedge funds and money managers in Comex copper dropping by two thirds since the start of the year.









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