MARKET TALK: LME Copper To Face Fresh Technical Selling

Technical selling is seen weighing on London Metal Exchange copper through Thursday's session with the market looking weaker after it "took a pounding" on Wednesday, says a trader. "There are still some stale longs waiting in the wings," he adds, noting that market players are keen to "tidy up positions" ahead of the year-end. LME copper trades at $6,765 a metric ton, 3% down from Wednesday but up from $6,715/ton overnight.