MARKET TALK: LME Copper Holds Range, Mkt Lacks Confidence

Copper continues to hold in a very narrow range with the London Metal Exchange market "due a bounce, but lacking confidence," a trader says. "We'll continue to see selling into any strength as a result; it's been this way for days now," he adds. LME copper trades at $5,350 a metric ton, more or less unchanged overnight but down 7% from Friday's high.