Copper May Advance as Hedge Funds Turn Bullish: LME Preview

Copper may gain in London after speculators turned bullish on copper for the first time in four months amid signs of growth in the U.S., rising demand in China and more confidence in Europe.

Market News:

Metals News:

Metal Prices:

-- Copper fell 0.4 percent to $8,190 a metric ton
at 7:51 a.m. on the London Metal Exchange. Relative Strength
Index 62.
-- Aluminum declined 0.5 percent to $2,205 a ton. RSI 62.
-- Zinc fell 0.4 percent to $2,005 a ton. RSI 62.
-- Lead dropped 0.5 percent to $2,172.25 a ton. RSI 65.
-- Nickel gained 0.2 percent to $20,499 a ton. RSI 70.
-- Tin fell 0.1 percent to $21,850 a ton. RSI 68.


Other Markets:
                     Last           % Change       % YTD
U.S. Dollar Index   80.322            0.2            0.0
Crude oil           $97.88           -0.5           -1.0
Gold                $1,668.88         0.1            6.7
MSCI World Index    1,235.69          0.0            4.5


Economic events:
                                    Forecast    Prior     Time
                                                        (London)
Canada Leading Indicators MoM DEC     0.6%        0.8%    13:30
Euro-zone Consumer Confidence JAN     -21.4      -21.1    15:00




To contact the reporter on this story:
Maria Kolesnikova in London at 
mkolesnikova@bloomberg.net

To contact the editor responsible for this story:
Claudia Carpenter at 
ccarpenter2@bloomberg.net



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