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EPIC COPPER TREND FOR TODAY 14-MAY-2013

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EPIC COPPER TREND FOR TODAY 14-MAY-2013 Empty EPIC COPPER TREND FOR TODAY 14-MAY-2013

Post  Admin Tue May 14, 2013 4:22 pm

Copper trading range for the day is 403-414.4.
Copper dropped as appetite for riskier assets weakened after data showed that industrial production in China rose at a slower rate than expected.
The weaker-than-expected data fuelled concerns that China’s economic recovery was stalling.
China's factory output growth was surprisingly muted in April, darkening the outlook for economic recovery.
Warehouse stock for Copper at LME was at 606700mt that is up by 2450mt.

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