US copper futures ended up over 2 percent on Monday, driven by strong technical momentum and better-than-expected data that pointed to further stability in the US housing sector. Copper for July delivery rose 4.30 cents, or more than 2 percent, to settle at $2.1440 a lb on the New York Mercantile Exchange's COMEX division. Session ranged from $2.1135 to $2.17, contract's loftiest level since April 20.
Bullish technical momentum pushing prices higher. Next upside target at $2.2070 - Larry Young, senior trader at Infinity Futures Inc in Chicago. Final volume on Friday reached 13,050 lots. Open interest eased 194 lots to 104,442 contracts open as of May 1.