Copper Prices Settled With Some Gain's As Market Sentiment Improved

Copper trading range for the day is 434.5-439.9.

Copper prices settled with some gain's as market sentiment improved after the US granted Huawei a new 90-day license extension

China’s central bank said that it was lowering the seven-day reverse repurchase rate to 2.50% from 2.55%, the first such cut in more than four years.

Speculative positioning in LME copper remain largely neutral at last Thursday's close, at 1.1% of open interest falling from 12.7% on Oct. 7.

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