MAY 20 TH TUESDAY

SHORT TERM TREND:SIDEWAYS:TARGET RS 349 TO 354

LONG TERM : BULLISH :TARGET :RS 370

S:SUPPORT R:RESISTENCE

S1 RS348.40 , S2 RS 345 S3 RS 342

R1 RS 354, R2 RS 358 R3 RS 361


Copper steadied midafternoon after spending much of the day in the red as a sharp rally in oil prices boosted sentiment towards commodities as a whole, and as the
dollar weakened further, making the metal cheaper for holders of other currencies.

The red metal has languished for most of today as investors worried about slowing Chinese demand. Prices moved a touch higher in later trade but were unable to gain much traction as sentiment remains muted, analysts said


At 3:30 p.m., London Metal Exchange copper for three-month delivery was trading at $8,315 per tonne against $8,320 per tonne at the close on Monday.