0328 GMT [Dow Jones] LME 3-month copper hits fresh high at $8,180/ton, highest since
May 9; contract +$70 from London Friday PM kerb. Japan-based LME broker says Chinese
market participants buying in response to LME copper's gains Friday; SHFE copper
futures also higher, tracking LME copper's move on Friday. Tips next resistance at
$8,250/ton, trendline between May 2006, last high in May 2007; may test resistance once
London opens. 3-month contract nearing 2007 high on May 4 at $8,335/ton. Trader says
Japanese consumers panic-buying in small amounts, most didn't expect copper to rally
above $8,000/ton, still waiting for copper to retreat sharply. (MWL)
RBM
redbank mines limited
0328 GMT [Dow Jones] LME 3-month copper hits fresh high at...
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