EPIC COPPER TREND FOR TODAY 6-5-2013
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EPIC COPPER TREND FOR TODAY 6-5-2013
Copper trading range for the day is 392.1-398.5.
Copper dropped on profit booking after gained on better-than-expected U.S. jobs report and signs of rising physical demand for the metal.
Better-than-expected jobs growth in the United States gave prices an extra push, and propelled other markets.
Also supporting was an outflow from LME warehouses in last two weeks after six-month rise, which could signal an improvement in demand.
Warehouse stock for Copper at LME was at 608700mt that is down by -7425mt.
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Copper dropped on profit booking after gained on better-than-expected U.S. jobs report and signs of rising physical demand for the metal.
Better-than-expected jobs growth in the United States gave prices an extra push, and propelled other markets.
Also supporting was an outflow from LME warehouses in last two weeks after six-month rise, which could signal an improvement in demand.
Warehouse stock for Copper at LME was at 608700mt that is down by -7425mt.
[url=mcx tips]http://www.epicresearch.co/products/commodity-tips[/url]
[url=mcx tips]http:// www.epicmcxtips.blogspot.in[/url]
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