US copper futures fell to a two-month low early Friday as a weaker technical picture and prospects for softer demand continued to keep the market pinned on its back foot, traders said.
Copper for July delivery was trading down 2.80 cents at $3.6845 a lb by 10:33 am EDT (1433 GMT) on the COMEX metals division of the New York Mercantile Exchange. The morning range was from $3.6485, its lowest level since March 25, to $3.7215. Volumes estimated at only 4,479 lots by 10 am. July contract continues to hold above support at $3.65.