* GRAPHIC-2019 asset returns:
* GRAPHIC-Copper technicals:
(Adds graphic, updates with closing prices) By Eric Onstad LONDON, Feb 22 (Reuters) - Copper prices climbed to their highest since July on Friday as inventories tumbled and investors bet on a U.S.-China trade deal. Optimism over a trade deal has been rising as top U.S. and Chinese trade negotiators haggle over the details of a set of agreements aimed at ending their trade war. "Copper is getting a lot of momentum from the trade talks. If we get a deal, there wouldn't be much obstacle for copper to return to the low $7,000s," said Gianclaudio Torlizzi, partner at consultancy T-Commodity in Milan. Benchmark copper on the London Metal Exchange has broken the key level of $6,400 a tonne, which marks the upper boundary of a range that has held for the past six months, he added. "If this confirmed today on the weekly chart with a close above $6,400, it would mark the start of new bull cycle for copper."
LME copper gained 1.6 percent in closing open outcry trading to $6,478 a tonne, its highest since July 4. The metal, widely used in construction and manufacturing, posted a 4.6 percent gain this week, its biggest weekly jump since the week ended Sept. 21 last year.
* COPPER STOCKS: On-warrant LME copper inventories , those not earmarked for delivery, slumped by nearly half to 39,800 tonnes in one day, the lowest since August 2005, LME data showed on Friday.
Rock we will have our day and it will come fast if we get...
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