DJ MARKET TALK: Comex Copper Futures Resume Uptrend 1418 GMT [Dow Jones] - Comex copper remains technically strong, says Scott Meyers, senior trading analyst with Pioneer Futures. After a recent pullback, the Sep futures have resumed their uptrend and may soon take out the $3.6650 two-month high from July 7, he says. "I think we're going to make an assault on the $3.75 level shortly," says Meyers. "I don't know if it's going to be in the month of July, but I do think it's going to be over the summer." Technical support is around $3.50, he says. "It looks fundamentally strong and technically strong," he says. "They're buying dips. They're selling it a little bit on rallies, but not with any real major momentum." Sep copper is up 6.25 cents to $3.6255 a pound. (ALS)
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