MTECHTIPS;-Copper to trade in 400.9-412.5 range: Achievers Equities

MTECHTIPS;-Copper to trade in 400.9-412.5 range: Achievers Equities

MTECHTIPS- Copper trading range for the day is 400.9-412.5. Copper pared gains on profit booking after prices rose as worries about supplies from Chile due to the possibility of a strike triggered renewed buying. Unionized workers at BHP Billiton-run Escondida in Chile, the world’s biggest copper mine rejected the company’s latest wage offer and asked workers to vote for a strike and prepare for an extended conflict. Workers at the mine which produced 452,000 tonnes of copper in the six months to end- December will vote on the proposal between Jan. 27-31. SELL COPPER FEB 2017 @ 403.00 SL 406.50 TGT 399.80-396.50. MCX

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