MARKET TALK: LME Copper Gains Pull It Even With Comex, SHFE

LME copper's gains today pull it even with Comex copper, SHFE copper, which rose sharply when LME was closed for Easter weekend, says Baiyin Resources' Fred Gu. LME 3-month copper +$450 on London Thursday PM kerb at $7,780/ton; Comex most-active May contract closed 12.90 cents higher at $3.5060/lb overnight on back of short-covering, strong March U.S. jobs data. Gu says copper's ability to pull away from former technical resistance at $7,400 suggests next resistance target is $8,000/ton, though market widely believes $8,000 will be difficult to break.