LIVE FUTURES 19/07: Copper up 1.65% on strong volumes; nickel down

Base metals prices on the London Metal Exchange showed mixed results at the close of trading on Friday July 19, with continuing trade tensions and uncertainty at the United States Federal Reserve driving directionless trading across the complex.

“The complex continues to see cash sellers reign on the second-ring closes,” Marex Spectron’s morning report said. “And these have therefore presented a good long entry level for intra-day traders. The market has been drifting since the London open.” The LME three-month copper price continued to rise on the basis of this cash buying, to close above its $6,000-per-tonne resistance level, up by 1.65% to $6,065 per tonne with almost 30,000 lots traded by...

Published

Amy Hinton

July 19, 2019

18:55 GMT

London