MTECHTIPS:-Copper to trade in 387.8-396.2 range: Achievers Equities

MTECHTIPS:-Copper to trade in 387.8-396.2 range: Achievers Equities

MTECHTIPS- Copper trading range for the day is 387.8-396.2. Copper dropped as the dollar edged higher after a Federal Reserve official offered support for a March rate rise, while supply concerns underpinned prices. Global miner BHP Billiton said it plans to halt production after unionized workers initiate a strike scheduled to begin on Thursday. Potential monthly copper production losses from Grasberg and Escondida add up to 135,000 tonnes, accounting for 8% of world monthly copper production. BUY COPPER FEB 2017 @ 392.50 SL 389.50 TGT 395.80-397.50 .MCX.

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