Copper prices remain under pressure this morning and posted a fresh 2-1/2 month low during overnight trading. Despite an initial recovery in some global equity markets, a weaker dollar and rumors of a reduction in Chinese Reserve Rate requirements, May copper prices haven't been able to climb far away from their overnight new low for the move. However, Chinese easing hopes may have been offset by weaker Shanghai copper price action, ongoing indications of weaker Asian copper demand and earthquake fears that have initially undermined macro economic psychology for the region.