The copper market put together an upside breakout during overnight trading, and in the process the copper market reached up to the highest price level since September 27th. The copper market appears to found support from a positive Chinese demand outlook at the start the new trading week, which might be given some added credence by minimally positive US economic sentiment today. Some traders feel the copper market is reflecting the reduced threat of a full-blown Euro zone debt crisis. Copper prices might also be benefiting from several supply side threats from labor issues in three different geographical areas, which many traders feel are a threat against copper supply. LME Copper Stocks were 451,650 tons, up 452 tons.
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