JULY 1 TUESDAY

SHORT TERM TREND : BULLISH : TARGET RS 372

LONG TERM TREND : BULLISH : TARGET RS 370

S1 RS 364.30, S2 RS 361, S3 RS 358

R1 RS 369, R2 RS 372, R3 RS 376

PREFER LONGS AT RS 364.30 TO 364.60

STOP LOSS RS 361

TARGET RS 369

Copper Gains on Supply Concerns as Mexico, Peru Miners Protest

Copper rose in Asia as protests in mine producing

countries raised concerns that supplies of the metal

used in wires and pipes may be disrupted.

Copper prices have gained 28 percent this year as

strikes at mines in Chile, Mexico and Peru have cut

output. Mexico's largest mining union approved

a one-hour walkout for this week, while miners in

Peru walked off the job yesterday for better pay

and benefits.

Copper for delivery in three months rose as much as $39,

or 0.5 percent, to $8,549 a metric ton on the London

Metal Exchange, and traded at $8,540 at 11:35 a.m.

Singapore time. Copper for September delivery on the

Shanghai Futures Exchange slipped 0.4 percent, to

63,160 yuan ($9,210) a ton by the 11:30 a.m. break.

Mexican miners are protesting the government's refusal

to recognize the re-election of Napoleon Gomez Urrutia

as the group's secretary general.

In Peru, mine workers walked off the job at more than a

dozen sites to pressure Congress to pass laws to increase

their share of profit and improve pensions.