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MARKET TALK: LME Copper May Retreat To $6,600-$6,700 S/T

Friday, Mar 30, 2007
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LME copper facing resistance at $6,850 and likely to retreat to $6,600-$6,700/ton in short term before buying interest revives, says HK-based trader at international commodity house; copper "looking a little tired" after 2 days of narrow range-trade and a pullback to 14-day moving average of $6,630 should refresh market, entice dip-buyers. LME 3-month copper +$45 on London PM kerb in thin volume at $6,800, picking up support from steadiness in other base metals, trader says.

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