US copper ends slightly up on technical support

NEW YORK, Aug 23 (Reuters) - U.S. copper futures ended
slightly higher on Monday, rebounding from last week's losses,
helped by technical support.

For detailed report on global copper markets, click on
[MET/L]

* Copper for September delivery HGU0 rose 0.05 cents to
close at $3.2915 per lb on the COMEX metals division of the New
York Mercantile Exchange.

* Range extended down from $3.3310 to $3.2710.

* COMEX estimated final copper futures volume at 22,919
lots.

* Open interest down 1,745 lots at 139,416 contracts as of
Aug. 20.

* Copper prices have been trying to hold the 200-day
average and now it looks like the market has consolidated -
Jeff Pritchard, analyst with Altavest Worldwide Trading in
Mission Viejo, California.

* Tuesday's housing market data however might make this
change if it comes with bad news - Pritchard.

* Technical support seen at 200-day moving average near
$3.25 level - Pritchard.

* Dollar resumed gains Monday supporting prices - traders.
[USD/]

* London Metal Exchange (LME) copper warehouse stocks rose
by 475 tonnes on Monday to 402,200 tonnes, down from 6-1/2 year
high at 555,075 tonnes in mid-February. <0#LME-STOCKS>
(Reporting by Selam Gebrekidan; Editing by Lisa Shumaker)