US copper futures traded modestly lower early on Wednesday, and, while they were below the prior day's 21-month high, they remained in a mostly sideways pattern at a higher plateau, traders said. Pressure was attributed to gains in the dollar, traders said.
Copper for May delivery was down 2.50 cents at $3.5920 per lb by 10:45 am EDT (1445 GMT) on the NYMEX's COMEX division. Range remained narrow between $3.5860 to $3.6350. On Tuesday, May copper reached its highest level since early July 2008 at $3.6385 per lb. COMEX estimated 0900 am EDT (1300 GMT) copper futures volume at a light 9,979 lots.
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