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Copper price on comex recall buyers after 3 days of rejections as the US dollar weakness underpins commodity buying. That said, the quote rises copper price to $4.29 by the press time of early Friday morning in Europe. Copper price on the London Metal Exchange (LME) and the most-traded July copper contract in Shanghai also portray notable gains of late, respectively around 1.1% and 1.3% as the prices rise to near $9,550 and $10,700 in that order.
WTI Crude oil prices rose for a third straight session on Friday, with front-month WTI crude future last trading higher by close to 3% in the mid-$109.00s per barrel, more than $11 higher than mid-week lows in the $98.00s.
Crude oil prices climbed for a third straight session today, shrugging off concerns about global economic growth as worries about tightening supplies underpinned crude oil prices ahead of an impending European Union embargo on Russian oil.
Crude Oil Prices: U.S. West Texas Intermediate and international-benchmark Brent crude oil prices were down on Tuesday as demand worries stemming from China’s prolonged COVID-19 lockdowns outweighed the prospect of a European embargo on Russian crude.
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In the previous session, we went long in S&P500 at 2360 with S/L 2300. Booked profit in a long position at 2515.
Stocks in Europe and Asia edged lower on Monday while U.S. index futures rose, as investors struggled to interpret the latest escalation in trade rivalry between the world’s two largest economies.
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