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Copper Rises in London, Narrowing This Week’s Drop: LME Preview

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Copper Stockpiles in Shanghai at Highest Since June

Feb. 11 (Bloomberg) --Copper rose in London, narrowing the first weekly decline in three weeks.
-- Copper rose $9.50, or 0.1 percent, to $9,949.50 a metric 
ton by 7:56 a.m. on the London Metal Exchange. Relative 
Strength Index 61. 
-- Aluminum dropped 0.1 percent to $2,535 a ton. RSI 59. 
-- Zinc declined 0.4 percent to $2,438 a ton. RSI 53. 
-- Lead decreased 0.1 percent to $2,507 a ton. RSI 49. 
-- Nickel climbed 0.6 percent to $28,024 a ton. RSI 67. 
-- Tin was down 0.1 percent at $31,451 a ton. RSI 84.
Other markets:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Last&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; % Change&nbsp;&nbsp;&nbsp; % YTD 
U.S. Dollar Index&nbsp;&nbsp;&nbsp;&nbsp; 78.39&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.2&nbsp;&nbsp;&nbsp;&nbsp; -0.8 
Crude oil&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $87.34&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.7&nbsp;&nbsp;&nbsp;&nbsp; -4.4 
Gold&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1,363.43&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.0&nbsp;&nbsp;&nbsp;&nbsp; -4.0 
MSCI World Index&nbsp;&nbsp; 1,335.66&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -0.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.3
Economic Events: 
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forecast&nbsp;&nbsp;&nbsp;&nbsp; Prior&nbsp;&nbsp;&nbsp;&nbsp; Time 
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (London) 
U.S. Trade Balance&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -$40.5B&nbsp;&nbsp;&nbsp; -$38.3B&nbsp; 13:30 
U.S. U. Of Michigan Confidence&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74.2&nbsp;&nbsp; 14:55
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