MTECHTIPS;- Copper to trade in 357.5-365.5

MTECHTIPS;- Copper to trade in 357.5-365.5

MTECHTIPS-Copper trading range for the day is 357.5-365.5. Copper recovered from lows on short covering after prices dropped amid worries about China’s slowing economic growth and tighter capital markets in China. China’s growth took a step back in April after a surprisingly strong start to the year. The chief executive of Freeport-McMoRan said demand for copper remains strong, with Europe and North America showing steady improvement. SELL COPPER JUN 2017 @ 364.00 SL 367.50 TGT 361.50-358.00. MCX.

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