US MIDDAY: copper higher

26 Sep, 2009

US copper futures bounced from one-month lows early on Friday, as a weaker dollar and rising consumer sentiment underpinned prices and countered weaker-than-expected durable goods and housing data. Copper for December delivery up 2.60 cents at $2.7355 a lb by 10:23 am EDT (1423 GMT) on the New York Mercantile Exchange's COMEX division.
Session range from $2.6730, a low dating back to August 19, to $2.7370. COMEX estimated futures volume at 8,431 lots by 9 am.

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