Copper Advances for Second Day as Hedge Funds Buy: LME Preview

Copper rose for a second day in London as hedge fund boosted bullish bets on New York futures to the most since August 2011.

Market News:

Metals News:

Metals Prices:


-- Copper climbed 0.3 percent to $7,854 a metric ton at 7:37
a.m. on the London Metal Exchange. Relative strength index 46.
-- Aluminum gained 0.3 percent to $2,088.75 a ton. RSI 55.
-- Nickel was unchanged at $17,350 a ton. RSI 52.
-- Lead dropped 0.4 percent to $2,296.25 a ton. RSI 58.
-- Tin was down 0.3 percent at $23,148 a ton. RSI 67.
-- Zinc fell 0.1 percent to $2,080 a ton. RSI 63.

Other markets:         Last          % Change   % YTD

U.S. Dollar Index     79.57           -0.1       -0.8
Crude Oil            $88.53           -0.1      -10.4
Gold              $1,661.18            0.3        6.3
MSCI World Index   1,340.99            0.0       13.4

Economic Events:
                                    Survey    Prior      Time
                                                       (London)
JN Corp Service Price Index         -0.6%     -0.7%      23:50

To contact the reporter on this story: Claudia Carpenter in London at ccarpenter2@abloomberg.net

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

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