Base Metals Preview: COMEX copper seen supported above $6.4 per pound mark

COMEX copper is staying supported above $6.4 per pound mark on Tuesday tracing weakness in greenback. However, Asian stock markets are trading mixed this morning, following the broadly positive cues from European markets and lack of cues from Wall Street overnight, amid renewed uncertainty about a potential peace deal to end the Middle East conflict after the US attacked key Iranian missile launch sites in Southern Iran and boats attempting to lay mines, in what Iran said were defensive actions. The red metal is currently quoting at $6.41 per pound, up nearly half a percent on the day.

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