MARKET TALK: LME Copper Technically Weak S/T; May Pullback

LME copper short-term technical outlook slightly bearish after three-month contract failed to close above $8,000/ton Friday, says Tokyo-based trader at major Japan house. LME 3-month copper last at $7,960/ton, +$10 on London Friday PM kerb. Adds, hedge funds likely to liquidate long positions at start of this week, but copper should recover from selling either later this week or next as funds bullish on medium-term outlook, technical uptrend remains intact.