MTECHTIPS;-Copper to trade in 393.5-405.9 range: Achievers Equities

MTECHTIPS;-Copper to trade in 393.5-405.9 range: Achievers Equities

MTECHTIPS-Copper trading range for the day is 393.5-405.9. Copper dropped as prices pulled back below 6000 level on LME as talks renewed between striking workers and management at Chile’s Escondida copper mine. Indonesia’s ministry said it has issued a recommendation that is expected to allow the local unit of Freeport McMoRan Inc to resume copper concentrate exports. The announcement comes after a more than one-month stoppage which push global copper prices to 21-month highs this week. SELL COPPER FEB 2017 @ 403.00 SL 406.00 TGT 400.20-397.20. MCX.

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