Skip to content
Subscriber Only

Copper Jumps to Three-Month High, Extends Rally on Chart Signal

Updated on

Copper climbed to a three-month high after futures settled above the 100-day moving average for the first time since September, triggering purchases in after-hours trading.

On the Comex in New York, copper futures for May delivery jumped as much as 5.6 percent in electronic trading to $2.9145 a pound at 4:24 p.m., the highest for a most-active contract since Dec. 15. Earlier, the price closed at $2.7895, up 1 percent, on signs of tightening global supplies.