January 10, 2011
Copper futures opened higher
in Shanghai and London on Monday, with international futures
snapping a four-session run of falls, on a more bullish
short-term technical outlook and higher energy prices after a
leak shut down a U.S. oil pipeline.
London Metal Exchange benchmark copper for delivery in
three months rose $5 to $9,430 a tonne by 0104 GMT.
COMEX copper HGc3 rose 0.7 percent to 431.20 cents/lb.
LME copper hit an all-time high on $9,754 last Tuesday,
but ended the week 2 percent down, its first such drop since
late November. Technically, copper could target $9,520,
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