DOLLAR ADVISORY MCX COPPER UPDATE OF 24 Nov 2016

Copper trading range for the day is 375.5-407.9. Copper gains as upbeat manufacturing data from the US and the euro zone drove a wave of fund buying that reversed earlier weakness. Copper inventories on the London Metal Exchange continued to slide, down to an 11-week low, providing a positive fundamental outlook. A renewed acceleration of global factory activity suggests commodity markets are entering a stronger environment.
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