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MARKET TALK: LME Copper Looks To Breach Resistance - Trader

Monday, Apr 23, 2007
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LME copper's retest of resistance at $8,000/ton overnight Friday fails, but basic underlying fundamentals continue to support higher prices, says trader. Easily triggered bursts of short covering point to breach of current resistance levels, higher prices possible. LME 3-month copper last trades at $7,955/ton, up $5 vs Friday's PM kerb.

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