MTECHTIPS;-Copper to trade in 381.3-399.3 range: Achievers Equities

MTECHTIPS;-Copper to trade in 381.3-399.3 range: Achievers Equities

MTECHTIPS- Copper trading range for the day is 381.3-399.3. Copper dropped as BHP Billiton’s Escondida mine in Chile, has resumed work as the company has requested government mediation to avoid a looming strike. The latest data from the International Copper Study Group (ICSG) showed the refined market recorded a surplus of 48,000 tonnes in October. SHFE stocks at 212,925 tonnes are down from their peak of 394,777 tonnes from late in March. BUY COPPER FEB 2017 @ 389.00 SL 386.50 TGT 392.50-395.50 .MCX.

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