LME 3-Mo Copper, ALuminum Regain Upside Momentum

LME 3-month copper, aluminum off to strong starts in Asia, diven by across-the-board rallies overnight, says HK-based trader. LME 3-month copper +$130 at $8,405/ton, aluminum +$32 at 3,008/ton. Trader says failure of LME copper inventories to rise as expected yeasterday, triggered short covering, while gold's gains, weeker USD also supportive. Tips $8,450 as next short-term resistance for LME copper, break above could trigger more short-covering, support pegged at $8,350. Adds scaled-up producer selling may cap LME aluminum above $3,000, "but you can't stand in the way of a bull market."