MTECHTIPS:-Copper to trade in 379.8-398.2 range: Achievers Equities

MTECHTIPS:-Copper to trade in 379.8-398.2 range: Achievers Equities

MTECHTIPS- Copper trading range for the day is 379.8-398.2. Copper prices dropped as pressure seen after data showed another big inflow of inventories into LME-certified warehouses. More than 50,000 tonnes of copper has arrived in the space of two days, sending on- warrant copper stocks up 47 percent to 160,375 tonnes China’s copper imports surged 31 percent in November from the previous month to 380,000 tonnes, the highest since June, customs data showed. SELL COPPER FEB @ 392 SL 395.80 TGT 389.20-386.60. MCX.

WWW.MTECHTIPS.COM

07489294118-119