MTECHTIPS;- Copper to trade in 362.5-369.3

MTECHTIPS;- Copper to trade in 362.5-369.3

MTECHTIPS-Copper trading range for the day is 362.5-369.3. Copper remained supported as investors turned to riskier assets after centrist Emmanuel Macron’s victory in the first round of the French presidential election. Freeport McMoRan Inc is preparing three copper concentrate export shipments from its giant Grasberg mine in Indonesia after a 15-week outage. Zambia added to fears of an over-stocked global copper market. The country announced that it expects copper output to jump 10% to record levels this year. BUY COPPER APR 2017 @ 364.00 SL 361.80 TGT 367.50-370.00. MCX.

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