Farallon Resources Ltd. (fka FRLIF)

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Zinc drops 1.6%, Copper Declines for the First Day This Week in London Trading: LME Preview
By Chanyaporn Chanjaroen - Jul 22, 2010

Copper declined in London for the first day this week after Federal Reserve Chairman Ben S. Bernanke said the outlook for the world’s largest economy remains “unusually uncertain.”


-- Copper fell $85, or 1.2 percent to $6,775 a metric ton on the
London Metal Exchange at 7:10 a.m. Relative Strength Index 54.5.
-- Aluminum dropped 0.7 percent to $1,995 a ton. RSI 51.1.
-- Zinc declined 1.6 percent at $1,888 a ton. RSI 54.3.
-- Lead lost 1.3 percent at $1,841 a ton. RSI 54.3.
-- Nickel retreated 0.7 percent to $19,365 a ton. RSI 48.4.
-- Tin dropped 1.7 percent at $18,050 a ton. RSI 55.

Other markets: Last % Change % YTD
U.S. Dollar Index 83.132 -0.2 6.8
Crude oil $76.40 -0.2 -3.7
Gold $1,183.10 -0.2 7.9
MSCI World Index 1,087.29 -0.1 -7.0

Economic Events:
Forecast Prior Time
(London)

EC PMI composite 55.5 56.0 9:00
EC industrial new orders -0.1% 0.6% 10:00
U.S. initial jobless claims 445K 429K 13:30
Euro zone consumer confidence -17 -17 15:00
U.S. existing home sales 5.10M 5.66M 15:00
U.S. leading indicators -0.3% 0.4% 15:00

To contact the reporter on this story: Chanyaporn Chanjaroen in London at [e-mail].


http://www.bloomberg.com/news/2010-07-22/copper-declines-for-the-first-day-this-week-in-london-trading-lme-preview.html