Copper 3 Year Highs Near As Record Speculative Longs For Third Week

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  • 21 Aug '17 at 6:51 pm #11332
    ThePitBoss
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    [article]156[/article]

    22 Aug '17 at 10:50 pm #11346
    ClemSnide
    Participant

    Sep’17 close 2.9865 O/I 93180
    Dec’17 close 3.0070 O/I 150957

    18 Sep '17 at 7:29 pm #11804
    ThePitBoss
    Participant

    Copper steady on Friday but still recorded its biggest weekly price fall since March.

    Benchmark copper on the London Metal Exchange ended at $US6,508 a tonne, up 0.1 per cent on the day and down 2.8 per cent this week from a three-year high of $US6,970 on September 5 but is still up 18 per cent so far this year.

    Support seen between $US6,300 and $US6,400 around the 50-day moving average and the high point of prices in 2015.

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