US copper futures end up on weak dlr, economic data
NEW YORK, June 18 (Reuters) - U.S. copper futures ended near their session highs on Thursday as a weaker dollar and upbeat manufacturing and labor market data helped keep prices buoyed above a key technical trend line near $2.25 a lb.
For detailed report on global copper markets, click on [MET/L]
* Most-active copper for September delivery HGU9 rose 1.25 cents to close at $2.2820 a lb on the New York Mercantile Exchange's COMEX division.
* Session range from $2.2305 to $2.2860.
* Overall trend clearly up, with recent price action indicative of a normal downward correction from over-heated levels - Matthew Zeman, head of trading with LaSalle Futures Group in Chicago.
* Last week, COMEX copper prices climbed to an eight-month high above $2.45 a lb.
* Market holding above important technical level at $2.25. Break below could ignite new downtrend toward $2.00 - Zeman.
* COMEX estimated futures volume at 17,021 lots by noon EDT (1600 GMT). Final volume on Wednesday 31,155 lots.
* Open interest dropped 1,818 lots to 113,503 contracts open as of June 17. Continued...
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