MARKET TALK: LME Copper May Target $5,100 On Technicals

LME 3-month copper last at $5,365/ton, +$20 on London Friday PM kerb, likely to trend lower on weak technicals, further liquidation related to hedge fund Red Kite's reported losses in January, says Hong Kong-based trader. Expects copper to target $5,100 in next 1-2 days, before stabilizing after panic selling on Red Kite news ends.