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MARKET TALK:LME Copper Down Slightly; Market Range Trading

Tuesday, Nov 21, 2006
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LME 3-month copper last at $6,790/ton, down $50 on London PM kerb in very thin trade; likely range-bound rest of week as market interest low, unless copper makes technical breakthrough, says Standard Bank trader. Copper needs to confirm support at $6,300 in short-term, "then we might see some kind of a rebound," though it'd have to regain $7,000 or $7,300 to build upside momentum.

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