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Copper Investing News reports copper prices have been low with the slow global economic recovery. On Wednesday, U.S. copper futures for December delivery HGZ8 fell as far as $1.6210 a lb on the New York Mercantile Exchange’s COMEX division, $0.55 below its record October low of $1.6265.To some analysts, the market’s intraday low was indicative …
Copper Investing News reports copper prices have been low with the slow global economic recovery.
On Wednesday, U.S. copper futures for December delivery HGZ8 fell as far as $1.6210 a lb on the New York Mercantile Exchange’s COMEX division, $0.55 below its record October low of $1.6265.To some analysts, the market’s intraday low was indicative of the near-term weakness in the economically-sensitive metal, and the next downside target could be $1.50. But others said technical buying at $1.60 levels could keep copper from reaching further lows right away.
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