The copper market appears to have found support from positive Chinese data and central bank dialogue. However, a three week rally of roughly 30 cents a pound may have run out of upside momentum this morning. Some traders feel it possible that part of copper's recent gains were the result of supply-side threats from Asia where a mine strike threatened output. Other traders feel the copper market overnight may have turned a little bit negative toward demand due to lingering fears toward the Euro zone situation, and feel it could take stronger than expected US factory orders figures and even higher US equity prices in order to provide support for the market. LME Copper Stocks were down 2,425 tons this morning and are now at the lowest storage levels since December 23rd, 2010.