The copper futures are currently trading at $4.314. This is -$0.036 or 0.83% lower than yesterday's close. The concerns were caused by high inventories and slack demand from the top consumer, China. There is also concern of effects of a further monetary tightening in China. Copper front month futures are forming support at the first support pivot range located at $4.299 - $4.3078. The price is nearing the 200-day moving average at $4.3673.

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