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Markets

Morning Copper Market Report

The copper market has posted moderate gains this morning, but many traders feel that prices have displayed disjointed two-sided price action this week. The market at times moved higher from stronger economic optimism, but that price strength eroded quickly and the September copper contract this morning starts out near the mid point of this week's range. A weaker Dollar along with slightly positive global equity market action is expected to provide a small amount of support for prices, even with expectations for this morning's US economic data to show some minor improvement. Some copper traders are suggesting that copper prices could benefit if Greece receives another aid package, which this time may take the form of loans to Greek bond holders.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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