Copper: Improved macroeconomic sentiment and a surge in crude oil prices bolstered copper prices. LME copper found support from the five-day moving average, rising 0.07% to end at $6,081.5/mt after jumped to a high of $6,143/mt. The MACD green line shortened considerably. The SHFE July contract climbed to a high of 48,150 yuan/mt as shorts exited, finishing at 48,000 yuan/mt. It is expected to trade at 47,850-48,200 yuan/mt with support from the five- and 10- day moving averages today. LME copper may hover at $6,060-6,120/mt. Spot premiums are likely to stand firm at 20-100 yuan/mt today. Aluminium: Lower inventories ... (full story)