Shanghai copper jumps

20 May, 2011

Shanghai copper futures jumped more than 1 percent on Thursday, chasing a more than 3 percent gain on the London Metal Exchange on Wednesday in a commodity-wide rebound after steep losses over the past two weeks.
The most-active July copper contract on the Shanghai Futures Exchange climbed 1.3 percent to 67,720 yuan.
Technical charts remain bullish with LME copper still on track to rise to $9,141 and Shanghai to 68,940 yuan, said Reuters technical analyst Wang Tao.

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