MARKET TALK: LME Copper May Recover $5,950 On London Open

LME 3-month copper may regain key $5,950 on London opening, shrug off Asia losses, says trader at Japan house. Copper at $5,860, down $155 vs London's Friday close as sharp fall in SHFE copper, losses on LME Friday damp sentiment, break of $5,950 triggers stop-loss sales from U.S.; but trader tips market to bounce as slide exaggerated by thin liquidity, $5,950 was good support in London, NY Friday. Still, while technicals should provide support, copper lacks bullish fundamental news to offset Friday's jump in copper stocks at Shanghai warehouses.