CME Group’s flash figures for Copper futures markets noted open interest and volume increased by around 1.1K contracts and around 32.6K contracts, respectively, at the end of last week.
Copper: Extra gains not ruled out but 2.6250 is a tough barrier
Friday’s move up in prices of the base metal was in tandem with rising open interest and volume, leaving the scenario ripe for extra gains. The upside, however, still faces strong resistance in the 2.6250 level.
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