MARKET TALK: LME Copper Vulnerable To Sell-Off -Standard Bk

LME copper vulnerable to another sell-off down to recent $7,590/ton corrective low, says Standard Bank, following volatile price move Friday. General view in weeks ahead mildly bearish, as part of consolidation phase within short-term bull trend. Short-term objective unchanged at $8,550/ton; timing of move depends on market's ability to hold above $7,590. Lower prices viewed as opportunity to reestablish long positions. If prices break lower, retracement may extend to $7,150-$7,050 with support situated at $7,400 before support base develops. LME 3-month copper at $7,890, unchanged on Friday PM kerb.