MTECHTIPS;-Copper to trade in 358.6-373.2

MTECHTIPS;-Copper to trade in 358.6-373.2

MTECHTIPS-Copper trading range for the day is 358.6-373.2. Copper prices eased with investors cautious ahead of the outcome of a two-day meeting where the U.S Federal Reserve is expected to hike interest rates. China’s National Development and Reform Commission said it approved eight fixed-asset investment projects worth 51.8 billion yuan ($7.63 billion) in May. A separate report showed that US retail sales fell 0.3% in May from the prior month, below forecasts for a gain of 0.1%. SELL COPPER JUN 2017 @ 366.00 SL 369.00 TGT 363.20-360.50. MCX.

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