Copper Futures Dip on Slower China Growth

Investing.com reported today that copper futures dipped a bit lower Monday on slowing factory output from China. Concerns over an economic slowdown rose after data showed that China’s factory output for August had grown at the weakest pace in almost six years.

As quoted in the publication:

On the Comex division of the New York Mercantile Exchange, copperfor December delivery fell to $3.065 a pound, before recovering to last trade at $3.077 during European morning hours, down 2.9 cents, or 0.95%.

Futures were likely to find support at $3.062, the low from September 11 and resistance at $3.109, the high from September 12.

Click here to read the full Investing.com article.