Copper Bulls Eye $7.50 as Commodity Remains Near Record Highs
Copper prices remain near record highs as China's manufacturing PMI rose to 49.8, indicating some support for copper demand.
However, a stronger U.S. dollar and increasing expectations of another Fed rate hike could limit short-term gains in the copper market.
The commodity remains bullish above $6.00, with a break above $6.90 targeting $7.50, according to some analysts.