MARKET TALK: LME Copper Rally Pauses On Profit Taking

LME copper rally pauses on profit taking but short-term outlook remains bullish on technical momentum, says Tokyo-based trader; "there is bullish sentiment but further out the market is starting to look toppy." Consumers step to sidelines given LME price rise to 5-month high of $7,445/ton overnight, says reports of canceled copper imports into China worrying. LME 3-month copper last trades at $7,360, down $55 vs yesterday's PM kerb.