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'Halftime Report' Traders Weigh In On Copper

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On CNBC's "Fast Money Halftime Report," Bill Baruch of Blue Line Futures said that strong demand from China, hopes on the U.S. stimulus and hopes on the infrastructure spending are driving the move higher in copper. He thinks the commodity is still range-bound, but he expects it to break out after the election and into 2021.

It seems to Brian Stutland of Equity Armor Investments that every commodity is breaking out on the upside. He thinks the copper is going higher into the year-end and his price objective is $3.40. He sees the stimulus package as the catalyst for the move higher in copper.

 

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Posted-In: Bill Baruch Brian Stutland CNBC Fast Money Halftime ReportCommodities Markets Media