MTECHTIPS:-Copper to trade in 393.4-405.4 range: Achievers Equities

MTECHTIPS:-Copper to trade in 393.4-405.4 range: Achievers Equities

MTECHTIPS- Copper trading range for the day is 393.4-405.4. Copper prices gains as the market awaits further direction amid continued strike action at the world’s largest copper mine. The strike at Escondida enters its third week with no sign of resolution and the global copper market as a whole looks to be moving into deficit. Output also remained halted at giant copper mine Grasberg in Indonesia due to a contract dispute with the government. BUY COPPER APR 2017 @ 400.00 SL 397.00 TGT 403.50-405.00. MCX.

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