While copper found some initial strength during overnight trading, the market was unable to hold onto all of the early gains. As with a number of other markets, copper may have reflected disappointed in the lack of fresh easing dialogue from the Chinese Premier, and the copper market also seemed to be weighed down by generally sluggish global equity market action at the start of this week.

Some traders feel that the fear of slackening demand for copper because of slumping Chinese and European manufacturing demand will continue to pressure copper prices. With the copper market recently finding strength from easing expectations, US scheduled economic news might not have that large an impact unless the data comes in much stronger than expected.