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MARKET TALK:LME Copper Likely In Sideways Pattern-Standard Bk

Friday, Feb 02, 2007
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LME copper will likely move in a broad sideways pattern until "at least" the Chinese New Year holidays with prices oscillating around 10-day moving average, says Standard Bank. Predicts upturn in copper prices in 2Q with Chinese trade buying providing key support. LME 3-month copper at $5,635/ton, up $35 on Thursday PM kerb.

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