MTECHTIPS;- Copper to trade in 402.5-408.9

MTECHTIPS;- Copper to trade in 402.5-408.9

MTECHTIPS-Copper trading range for the day is 402.5-408.9 Copper dropped as a slightly firmer dollar sparked profit-taking while a brightening view of China’s growth prospects underpinned prices . Growth in China’s manufacturing quickened in July, a private survey showed, as output and new orders rose at the fastest pace since February on strong export saler. BHB will close its Australian Olympic Dam copper smelter down to upgrade for three months in August-November 2017. BUY COPPER AUG 2017 @ 406.00 SL 404.00 TGT 408.50-411.00. MCX.

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