(12/04) Copper fell for a second day in London on speculation of slowing demand after Japan raised the severity rating of its nuclear crisis to the hi

April 12, 2011


Base metals fell back from fresh bull-cycle highs during Monday LME morning trading as profit-taking set it in after latest advances, while financial markets were also unsettled by news of another earthquake in Japan.

"While [prices] are not exactly over-extended, they could do with a breather and some consolidation - it is just temporary," a trader said.

This morning, a 7.1-magnitude earthquake struck at a depth of 6.2 miles, and hit 102 miles northeast of Tokyo off the north-eastern coast of Japan, which, according to reports, caused some buildings to sway in Tokyo. A tsunami alert has been issued.

For the metals, further gains are expected once profit-taking runs its course as earlier in Asia fresh high points were set for the current phase of the cycle across the board.

Base metals fell back from fresh bull-cycle highs during Monday LME morning trading as profit-taking set it in after latest advances, while financial markets were also unsettled by news of another earthquake in Japan.

"While [prices] are not exactly over-extended, they could do with a breather and some consolidation - it is just temporary," a trader said.

This morning, a 7.1-magnitude earthquake struck at a depth of 6.2 miles, and hit 102 miles northeast of Tokyo off the north-eastern coast of Japan, which, according to reports, caused some buildings to sway in Tokyo. A tsunami alert has been issued.

For the metals, further gains are expected once profit-taking runs its course as earlier in Asia fresh high points were set for the current phase of the cycle across the board.

Base metals fell back from fresh bull-cycle highs during Monday LME morning trading as profit-taking set it in after latest advances, while financial markets were also unsettled by news of another earthquake in Japan.

"While [prices] are not exactly over-extended, they could do with a breather and some consolidation - it is just temporary," a trader said.

This morning, a 7.1-magnitude earthquake struck at a depth of 6.2 miles, and hit 102 miles northeast of Tokyo off the north-eastern coast of Japan, which, according to reports, caused some buildings to sway in Tokyo. A tsunami alert has been issued.

For the metals, further gains are expected once profit-taking runs its course as earlier in Asia fresh high points were set for the current phase of the cycle across the board.

Base metals fell back from fresh bull-cycle highs during Monday LME morning trading as profit-taking set it in after latest advances, while financial markets were also unsettled by news of another earthquake in Japan.

"While [prices] are not exactly over-extended, they could do with a breather and some consolidation - it is just temporary," a trader said.

This morning, a 7.1-magnitude earthquake struck at a depth of 6.2 miles, and hit 102 miles northeast of Tokyo off the north-eastern coast of Japan, which, according to reports, caused some buildings to sway in Tokyo. A tsunami alert has been issued.

For the metals, further gains are expected once profit-taking runs its course as earlier in Asia fresh high points were set for the current phase of the cycle across the board.

Base metals fell back from fresh bull-cycle highs during Monday LME morning trading as profit-taking set it in after latest advances, while financial markets were also unsettled by news of another earthquake in Japan.

"While [prices] are not exactly over-extended, they could do with a breather and some consolidation - it is just temporary," a trader said.

This morning, a 7.1-magnitude earthquake struck at a depth of 6.2 miles, and hit 102 miles northeast of Tokyo off the north-eastern coast of Japan, which, according to reports, caused some buildings to sway in Tokyo. A tsunami alert has been issued.

For the metals, further gains are expected once profit-taking runs its course as earlier in Asia fresh high points were set for the current phase of the cycle across the board.