US copper futures settled a shade higher early on Tuesday as the market continued to dawdle in familiar ranges due to a host of countervailing fundamental forces, analysts said. Copper for July delivery eked out a 0.10 cent gain by the close to $3.7765 a lb on the COMEX metals division of the New York Mercantile Exchange.
The session range spanned from $3.7310 to $3.8005. By 1 pm EDT (1700 GMT), copper volumes estimated at 14,919 lots. Final volumes on Monday totalled 13,356 lots. Open interest in the market fell by 179 lots to 98,830 contracts open as of May 19.
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