Home

 
India Bullion iPhone Application
  Quick Links
Currency Futures Trading

MCX Strategy

Precious Metals Trading

IBCRR

Forex Brokers

Technicals

Precious Metals Trading

Economic Data

Commodity Futures Trading

Fixes

Live Forex Charts

Charts

World Gold Prices

Reports

Forex COMEX India

Contact Us

Chat

Bullion Trading Bullion Converter
 

$ Price :

 
 

Rupee :

 
 

Price in RS :

 
 
Specification
  More Links
Forex NCDEX India

Contracts

Live Gold Prices

Price Quotes

Gold Bullion Trading

Research

Forex MCX India

Partnerships

Gold Commodities

Holidays

Forex Currency Trading

Libor

Indian Currency

Advertisement

 
RTRS: US copper climbs higher early, China/US fears cap
 
NEW YORK, Jan 25 (Reuters) - U.S. copper futures extended a
bounce from last week's slide to one-month lows Monday morning,
but gains were held in check due to lingering worries about
bank regulation in the United States and prospects for further
Chinese monetary tightening measures.
For detailed report on global copper markets, click on
[MET/L]
* Benchmark copper for March delivery HGH0 firmed 4.00
cents, or 1.2 percent, to $3.3870 per lb by 10:37 a.m. EST
(1537 GMT) on the New York Mercantile Exchange's COMEX
division.
* Range from $3.3240 to $3.3975.
* On Friday, key March contract slipped to $3.2670, its
lowest level since Dec. 24.
* COMEX estimated futures volume at 13,719 lots by 10 a.m.
* Copper up in extended bounce from Friday test of key
technical support near $3.30 per lb, with firmer tone in
equities and weak dollar providing early support - traders.
* Euro up against the dollar EUR= after an offer of
five-year Greek sovereign bonds met strong demand, easing some
concerns over the euro zone's credit problems. [USD/]
* Copper gains buck economic recovery jolt from data
showing sales of previously owned U.S. homes fell 16.7 percent
in December -- the fastest pace on record. [ID:nN25214275]
* Copper momentum slowed by investor concerns over
President Obama's proposal to rein in bank sizes and excessive
risk-taking. [ID:nN21658127]
* Copper upside capped by Chinese credit-tightening fears
in effort to prevent its economy from overheating.
[ID:nECONCN]
* China's economy finished 2009 with a flourish, with 10.7
percent year-on-year growth in fourth-quarter GDP.
* London Metal Exchange (LME) copper warehouse stocks down
800 tonnes to 533,400 tonnes. Stock levels near their highest
since late February and more than double the levels seen in
middle of July 2009. <0#LME-STOCKS>
* COMEX copper stocks rose 288 short tons to 102,003 short
tons as of Friday.
* Money managers added to their net long positions in COMEX
copper futures by nearly 5,500 contracts in week ended Jan. 19
- data from U.S. Commodity Futures Trading Commission.
[ID:nN22174820]
* LME copper for three-month delivery MCU3 last traded at
$7,460 a tonne, up $70 from Friday's close.
(Reporting by Chris Kelly; Editing by Lisa Shumaker)
Source