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Copper fluctuates after China trade data

Posted on 11 July 2014

Copper futures swung between small gains and losses on Thursday, after data showed that China’s exports rose less than expected in June. On the Comex division of the New York Mercantile Exchange, copper for September delivery tacked on 0.1%, or 0.4 cents, to trade at $3.252 a pound during European morning hours. Prices held in a narrow range between $3.245 and $3.257 a pound.
Copper prices ended Wednesday’s session down 0.28%, or 0.9 cents, to settle at $3.248 a pound. Futures were likely to find support at $3.237 a pound, the low from July 7 and resistance at $3.294 a pound, the high from July 8………………………………………..Full Article: Source


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