MARKET TALK: Base Metals Mixed, Await Fresh Direction

The base metals market is at risk of drifting lower, says a broker, due to a lack of headline news, although housing data out of the US, at 1230 GMT, may provide clearer near term direction. Says LME copper has come under pressure from short term fund selling. LME copper is down 1% at $7,685/metric ton, with $7,600/ton as next support. LME tin is up 0.5% at $14,200/ton, while LME zinc is down 1% at $3,875/ton.