US copper futures lost some ground at the early on Thursday, led lower by a recovery in the US dollar and concerns about rising stockpiles, while encouraging economic data limited the losses. Copper for December delivery slipped 2.35 cents at $3.0870 a lb by 10:34 am EST (1534 GMT) on the New York Mercantile Exchange's COMEX division.
Range from $3.0770 to $3.1405. On Wednesday, December contract hit $3.1720, highest level since late September 2008. Technicians see initial support in December contract at $3.06-$3.07, followed by $3.00. Resistance eyed at $3.18, and $3.25. COMEX estimated futures volume at 10,691 lots by 9 am.