MARKET TALK: LME Copper Eyes Stock Data For Direction

LME copper market is awaiting the release of inventory data at 0800 GMT with a further decline likely to give fresh momentum to the market's assault on the upside, a London broker says. A move back up to $7,000-a-metric-ton is the key overhead target, he notes, which would mark a 4-month high. LME copper trades at $6,870/ton, steady from overnight levels.