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CME Group’s flash prints for Copper futures markets showed both open interest and volume receded by 2.3K contracts and by around 2.8K contracts, respectively, on Monday.

Copper rebounds from multi-year lows

Copper futures prices dropped to levels last seen in November 2016 around 2.33 on Monday. The leg lower was amidst declining open interest and volume, which should leave a potential rebound on the table in the near-term.