Like platinum, many traders feel that copper may to be under pressure because of a weakening demand outlook. They also feel that recent US economic readings as well as the action in global equity markets is likely to have a pronounced influence on copper prices. Some traders feel it possible that US economic data today may provide some support for copper prices. Other traders feel that the Personal Income and Personal Consumption numbers today might be partially backward looking, as damage done from the protracted US debt ceiling debate might not be apparent until the end of this month. LME Copper Stocks were 465,625 tons, down 400 tons.
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