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MARKET TALK: LME Copper,Nickel Consumer Buying;Copper May Fall

Friday, Apr 13, 2007
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LME copper, nickel find some support from consumer buying following retreat overnight but volumes thin, says trader with major Japanese house. Next week likely to have further pullback ahead of Third Wednesday prompt date, market likely to be volatile. "The upside movement has been too quick too much. Copper might fall back to support at $7,450/ton," he says. LME 3-month copper trades at $7,684, up $4 vs Thursday PM kerb.

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