kittycriston
Kitty Criston
Copper has moved higher on Tuesday supported by rise of Euro and some bottom fishing after a sharp correction. The three month prices of LME Copper were trading at $ 7370 per tonne in early Asian trades compared to $ 7296 per tonne on Monday. Dollar moved lower against the Euro last night and was at 1.2884 against when last seen.
The shutdown of production in Freeport Grasberg mine after the fatal incident has caused little impact on the red metal which declined by $ 54 per tonne to $ 7296 per tonne on Monday.
Last week, Commitment of traders report for week ending 14 May 2013 showed decline in the short positions while there was concurrent minor increase of long positions by hedge fund managers. The total short positions declined by 3064 contracts taking total short contracts number to 40667 contracts from 43731 contracts in the previous week. For more information visit here: Copper Moves Higher As Dollar Eases Against The Euro | Trading Tips Free
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The shutdown of production in Freeport Grasberg mine after the fatal incident has caused little impact on the red metal which declined by $ 54 per tonne to $ 7296 per tonne on Monday.
Last week, Commitment of traders report for week ending 14 May 2013 showed decline in the short positions while there was concurrent minor increase of long positions by hedge fund managers. The total short positions declined by 3064 contracts taking total short contracts number to 40667 contracts from 43731 contracts in the previous week. For more information visit here: Copper Moves Higher As Dollar Eases Against The Euro | Trading Tips Free
Get sure shot tips on mcx Commodity by market experts. They also provide MCX Tips and Free Commodity Tips on Mobile by sms which help traders to make huge profit in commodity trading.