Copper prices fell more than 2% in Shanghai after Japan Reported its biggest contraction in GDP since 1974.
The Shanghai May Copper contract fell 2.4%. The Comex Mar09 copper futures were also trading lower by 2% at $150.00 per pound.
Technically a push under 149.50 could open up the way for a slide to the 135-138 area and could also keep our miners such as BHP and the AUD under pressure.
