Bullish Copper runs out of steam at $3.68; currently at $3.67 per pound

Yesterday at a glance: Copper spiked to $3.67 per pound, gaining 8.35 cents.

On the flip side, Core Durable Goods Orders in United States fell short of market expectations (0%) with a reading of -0.2%, continuing the decline from the previous figure of 0.3%.

At the same time, United States Core PCE Price Index (MoM) (Apr) released yesterday at 12:30 UTC with a figure of 0.4, while the previous figure was 0.3. Fresh CFTC Crude Oil speculative net positions data from United States came out at 193,100.

Rallies can also be seen in other Metals, Silver went up by 2.34% yesterday, and closed at $23.45.

The commodity has been trending lower for about a month. CME Copper has shed 7.51% over the past three months.