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Wednesday, December 21, 2011

Commodity Newsletter For Today- Copper Updates

Copper rose sharply on Tuesday. On LME it witnessed 1.7% rise. The Favourable economic data and positive cues led copper to trade higher. Today Copper is trading above 396 mark which is favouring more upside. For last couple of weeks copper was consolidating near 395 which has broken now.

Negative inventory data from LME also supported copper prices.
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