MARKET TALK: Next Comex Copper Support Seen At April 12 Low

 The next key chart support area for Comex July copper is the April 12 low of $3.4610, says Larry Young, senior trader with Infinity Brokerage Services. "If we can hold, we'll move sideways to higher," says Young. The contract has been as low as $3.4800 largely due to technically oriented selling, Young says. The market may have been "overbought" and thus could slide further, Young says, but adding that he looks for the market to draw at least some support from seasonal strength as construction activity picks up in the spring. July copper is down 10.85 cents to $3.4970 a pound.