has anybody got a idea on todays news,sounds good but no nav.

up 9% any news

DJ Comex Copper Review: Gain After Shanghai Stocks Fall
DOW JONES NEWSWIRES



A decline for the week in Shanghai Futures Exchange copper stocks lent
support to copper futures in New York on Friday, although the market gave up
most of its gains late in the session on profit-taking.

The most active May copper contract settled up 75 points at $2.2070 per pound
on the Comex division of the New York Mercantile Exchange. The March contract
settled up 25 points at $2.2075.

Much of the activity was the continued rollover from the March to the May
futures ahead of first notice day for March copper on Tuesday.

During the course of the day, several traders cited as constructive the
decline in the Shanghai exchange data, as well as a halt to the recent builds
in London Metal Exchange stocks.

The Shanghai figures may have had the biggest effect, they said. These
inventories fell 10,129 metric tons over the last week to 56,154.

"Everyone had anticipated Shanghai stocks to be up," said one trader. "And
when they came in down 10,000 tons, that threw a curve ball at everybody."

"The copper market rallied strongly in response to the weekly Shanghai stock
report," echoed Dan Vaught, futures analyst with A.G. Edwards. "It showed over
10,000 tons had been removed from Shanghai-registered warehouses. A lot of
folks had gone into today thinking the stocks would actually show an increase."

The data prompted covering by traders who had gone short during a decline on
Thursday, part of which had been linked to recent daily increases in LME copper
stocks and expectations for a weekly build in Shanghai, one contact said.

LME authorities reported a stock fall of 175 metric tons from Thursday to
Friday, leaving them at 109,225 metric tons.

After peaking at $2.2370, however, May copper fell back as far as $2.1980 in
the final 10 minutes of open-outcry trading.

"It was profit-taking," said one trader. "I think everybody got a little bit
eager."

Profit-taking also occurred around $4,880 to $4,900 a metric ton for LME
three-months copper, he added.

Vaught characterized copper's retreat as a "technical setback" but commented
that the 10.2% decline in January durable-goods orders, reported first thing
this morning, may have eventually taken a toll on sentiment.

He pointed out that the futures fell below their 10-day moving average. In
the case of the March contract, the session high of $2.2350 was only half a
cent above the 10-day average that passes through the area right around
$2.2300.

"I suspect the lack of follow-through to the upside, after a strong opening,
was a significant factor in the subsequent decline," he said.

The most recent Comex stocks data, released late Thursday afternoon, were up
1,785 short tons at 33,101 short tons.


Settlements (ranges include overnight and day sessions):
Mar (HGH06) $2.2075; up 0.25c; Range $2.1920-$2.2350
May (HGK06) $2.2070; up 0.75c; Range $2.1860-$2.2370


-By Allen Sykora, Dow Jones Newswires; 541-318-8765;
allen.sykora@dowjones.com



(END) Dow Jones Newswires


Possible explanation!!

thanks for that ,any idea where we go from here

nearing breakout but no interest :-O

Has been on watch list for a while also!!