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KEFI Minerals Plc

Copper Futures: Still scope for further gains

Traders added nearly 1K contracts to their open interest positions on Tuesday, reversing at the same time two consecutive daily pullbacks, in light of flash data from CME Group for Copper futures markets. On the opposite direction, volume dropped for the second day in a row, this time by around 11.8K contracts.

Copper still targets the 2.6250 level

The idea of further gains in prices of the base metal stays supported by rising open interest amidst Tuesday’s positive price action.

KEFI Minerals plc (LON:KEFI) is an exploration and development company focussed on gold and copper deposits, primarily in the highly prospective Arabian-Nubian Shield.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.