Copper trading range for the day is 421.9-429.9.Copper settled flat as the dollar rose ahead of expected stimulus from central banks to revive a faltering global economyMarkets awaited ECBs policy decision while euro was pressured by widespread expectations of rate cut to support fragile growth.Metal prices are likely be pressured by traders cutting long positions given an uncertain global demand outlookWarehouse stock for Copper at LME was at 253525mt that is down by -1650mt.
No comments:
Post a Comment