MARKET TALK: LME Copper Down After SHFE Opens Weaker

LME copper moving lower following weaker open for copper futures on Shanghai Futures Exchange, says broker, who notes arbitrage selling of LME copper and some buying of SHFE copper. "I think we're looking at a break of the Friday low of $5,517.50 per ton but copper is looking oversold." Better-than-expected U.S. jobs data could help slow decline going forward. LME 3-month copper last trades at $5,590, down $20 on Friday PM kerb.