Shanghai stocks data was positive for copper- UBS

Copper trades at $7,140 per metric ton, above 200-day moving average of $6,960.35/ton and key $7,000/ton price level.UBS' Robin Bhar notes Shanghai stocks data was positive for copper with declines of 4,435 metric tons. "Good chart closes Friday afternoon could attract further buying interest next week helping to consolidate what has been an impressive recovery in prices from the lows of last week," says Bhar.