The copper market early today has outperformed the rest of the metals complex by spending most of the overnight session in positive territory. In fact, December copper managed to reach up to the highest level since September 21st. As opposed to the precious metals markets, copper could be supported by decent US economic information to be released later this morning.

In other words, the copper market should benefit from positive economic news, while gold and silver are likely to be undermined by news that tempers easing prospects. An extended Chinese holiday is likely to make US news more important in the coming sessions, so copper is likely to react sharply to private jobs numbers and to a New York ISM report

View All Market Commentary

*Disclaimer: The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.

Copyright CME Group All rights reserved.