MTECHTIPS MCX COPPER INTRADAY trading tips 04-05-2017

MTECHTIPS MCX COPPER INTRADAY trading tips 04-05-2017
MTECHTIPS Copper trading range for the day is 353.6-379.Copper prices dropped as supply fears were eased by a large rise in stocks and worries over Chinese demand pulled down prices of steel and iron ore.On-warrant inventories available for delivery at LME-registered warehouses increased by 38,950 tonnes, or 32 percent, to 160,200 tonnes, the highest since mid-April.Funds net long position rose to 55,899 lots on Friday from 52,365 lots the previous week, LME data showed.
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