1402 GMT [Dow Jones] - Comex copper is slightly softer, unable to hang onto overnight gains despite stronger equities. "On any rallies, people are selling," says Larry Young, senior trader with Infinity "It's just the opposite of gold." The selling is due to worries about the economy and thereby slowing demand, he says. The area around $2 will be critical on the charts. "There are a lot of stops at that price point," he says. The stops are from some traders who would be looking to go short, with others looking to exit existing positions, he explains. "We'll see a lot of movement if we violate that," he says. Dec copper is 0.75 cent softer at $2.1720 a pound. (ALS)
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