December Copper futures extended their three-session winning streak, testing the top of their recent trading range. The contract gained approximately 3% over the last three sessions and finished the week up 2.93%, marking the fourth weekly gain out of the last five. A meeting between the US and Chinese Presidents is scheduled for next week during the Asia Pacific Economic Cooperation Summit in South Korea. Markets are closely watching this development, as any reduction in trade friction could boost the outlook for industrial demand, which would firm up Copper prices. US Consumer Price Index (CPI) data released this morning may have been "troubling" in that the year-over-year headline and core CPI both remained at 3%, which is 100 basis points above the Federal Reserve's target. However, both the month-over-month and year-over-year headline and core readings were lower than expected, which market participants believe keeps the Fed on a rate cut path. This outlook is seen as likely positive for copper.