EPIC RESEARCH MCX COPPER UPDATE OF 10 JULY 2018

Copper trading range for the day is 431.7-441.5. Copper rebounded as a weak dollar forced short holders to cover positions amid simmering trade war tension. China’s foreign exchange reserves unexpectedly rose in June, bolstered by an increase in the value of its U.S. Treasury holdings in an otherwise volatile month for Chinese markets. Labor negotiations at BHP Billiton Plc Escondida copper mine in Chile, entering into the final three weeks before a 30-month contract expires at the end of July.

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