MTECHTIPS:-Copper to trade in 369.9-377.7

MTECHTIPS:-Copper to trade in 369.9-377.7

MTECHTIPS-Copper trading range for the day is 369.9-377.7. Copper prices slipped ahead of a meeting of the U.S. Federal Reserve and economic data from China that could yield clues to future demand growth. China’s economy is expected to show steady growth in May, buoyed by solid gains in trade and investment. Traders were watching stock movements in LME approved warehouses which rose to 279,575 tonnes, but overall inventories are still down more than 20% since May 4. SELL COPPER JUN 2017 @ 374.00 SL 378.00 TGT 370.00-367.00. MCX.

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