DOLLAR ADVISORY MCX COPPER UPDATE OF 23 Nov 2016 - Dollar Advisory | Best Commodity Tips Provider

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Wednesday 23 November 2016

DOLLAR ADVISORY MCX COPPER UPDATE OF 23 Nov 2016

Copper trading range for the day is 376.4-390.2. Copper gained as investors bet that rising oil prices would stoke inflation, while falling inventories also supported prices. The global world refined copper market showed a 154,000 tonnes surplus in August, compared with a 144,000 tonnes surplus in July, ICSG said. Global copper inventories tracked by the LME have slumped 34 percent since the end of September, snapping six months of gains.

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Copper trading range for the day is 376.4-390.2. Copper gained as investors bet that rising oil prices would stoke inflation, while falling inventories also supported prices. The global world refined copper market showed a 154,000 tonnes surplus in August, compared with a 144,000 tonnes surplus in July, ICSG said. Global copper inventories tracked by the LME have slumped 34 percent since the end of September, snapping six months of gains. - See more at: http://investmentguruindia.com/CommoditiesReports/Gold-trading-range-for-the-day-is-28977-29305---Kedia#sthash.gnF3aY3A.dpuf

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