'Halftime Report' Traders Weigh In On Copper

Loading...
Loading...

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.

Market News and Data brought to you by Benzinga APIs
Posted In: CommoditiesMarketsMediaBill BaruchBrian StutlandCNBCFast Money Halftime Report
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...