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Copper May Decline Before U.S. Housing Figures

Tuesday, Sep 21, 2010
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Sept. 21 (Bloomberg) -- Copper may fall in London before the release of figures that might show weaker growth in housing starts in the U.S., the world’s largest consumer of the metal, and little change in building permits.


Metal Prices:


-- Copper declined $10, or 0.1 percent, to $7,705 a metric tonon the London Metal Exchange at 7:59 a.m. Relative Strength Index 61.2.


-- Aluminum rose 0.2 percent to $2,200 a ton. RSI 62.5.


-- Zinc dropped 0.9 percent to $2,160 a ton. RSI 55.


-- Lead declined 1.6 percent to $2,159.75 a ton. RSI 51.


-- Nickel fell 0.7 percent to $22,925 a ton. RSI 60.


-- Tin dropped 1.5 percent to $23,100 a ton. RSI 67.


 

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