Copper consolidates under $4.50 per pound

COMEX Copper continued to consolidate in a tiny range under $4.50 per pound. Equities are showing mixed moves. In Asia, China's Shanghai Composite index eased a little but held near decade high. Hong Kong's Hang Seng index ended 0.21% lower. Nikkei average slipped 0.38%. European stocks edged up marginally amid lack of major economic cues. The US stocks were flat yesterday. Dow slipped 0.1%. COMEX Copper futures are currently trading at $4.46 per pound, down marginally on the day. Copper is up around 2.60% so far this month.

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