MTECHTIPS;-Copper to trade in 360.6-371.4

MTECHTIPS;-Copper to trade in 360.6-371.4

MTECHTIPS-Copper trading range for the day is 360.6-371.4. Copper dropped amid stronger dollar capped gains after comments by Fed official that boosted confidence in another U.S. interest rate hike this year. Fed official said U.S. inflation should rise alongside wages, reinforcing expectations for the Fed to keep raising interest rates. China imported 41,400 tonnes of copper concentrates via Port of Ganqimaodu in May 2017, down 53.22 YoY, and 333,300 tonnes in January-May. BUY COPPER JUN 2017 @ 364.00 SL 361.50 TGT 367.50-370.00. MCX.
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