ZOID RESEARCH 28-MAR-2014 : COPPER

Copper prices moved up in London, US and India as optimism of China going for some form of stimulus helped pushing Copper demand bit higher. Positive data from US also helped pushing some demand as optimism grew after revised positive GDP numbers. China's biggest banks showed milder-than-expected signs of financial stress from loan defaults and shrinking profit margins. Investors will now be watching for more detail on global manufacturing health in data due next week. We expect copper prices to move in a range to higher for the day as positive US data and optimism in Chinese economy over stimulus can push the prices higher. Other base metals can move in a range for the day

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