Copper Rises in London, Narrowing This Week’s Drop: LME Preview

Copper rose in London, narrowing the first weekly decline in three weeks.

Metal Prices:

-- Copper rose $9.50, or 0.1 percent, to $9,949.50 a metric ton by 7:56 a.m. on the London Metal Exchange. Relative Strength Index 61.

-- Aluminum dropped 0.1 percent to $2,535 a ton. RSI 59.

-- Zinc declined 0.4 percent to $2,438 a ton. RSI 53.

-- Lead decreased 0.1 percent to $2,507 a ton. RSI 49.

-- Nickel climbed 0.6 percent to $28,024 a ton. RSI 67.

-- Tin was down 0.1 percent at $31,451 a ton. RSI 84.

Other markets:         Last          % Change    % YTD

U.S. Dollar Index     78.39             0.2              -0.8

Crude oil                  $87.34             0.7          -4.4

Gold                         $1,363.43           0.0       -4.0

MSCI World Index   1,335.66            -0.2      4.3

Economic Events:

                                                       Forecast       Prior          Time （London）

                                                       
U.S. Trade Balance                       -$40.5B      -$38.3B       13:30

U.S. U. Of Michigan Confidence         75         74.2              14:55