JUNE 17 TUESDAY

SHORT TERM TREND : BULLISH : TARGET RS 352

LONG TERM TREND : BULLISH : TARGET RS 370

S1 RS 344.60 , S2 RS 341, S3 RS 338

R1 RS 348, R2 RS 352, R3 RS 355

Copper rose as the demand outlook has improved in

recent weeks and as stocks remain low, while fresh

inflation fears also boosted fund interest from those

buying commodities as a hedge.

China's production of refined copper rose

18.3 percent in May to 323,800 tonnes, while

aluminium output rose 21.3 percent to 1.16

million tonnes.

At 10:19 a.m., LME copper for three-month delivery

was at $8,021 a tonne up from $7,980 at the close

on Friday.

Tight and limited inventories across the globe are also

underpinning copper, with an LME daily report showing

stocks at multi month lows.