COMEX Copper futures scaled up to fresh three-month high levels extending corrective action seen on the last trading session of the month and quarter. The metal continued to hold well above $5 per pound mark. Positive cues from overnight equities and dollar decline alongside falling copper inventories is limiting downside in the red metal. The counter currently trades up 1.39% at $5.15 per pound. Meanwhile, the US Stocks closed higher Monday, extending a rally that has pushed major indexes to record highs. The Dow added 0.6%, the Nasdaq climbed 0.5% while the S&P 500 rose 0.5% as well.

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