JUNE 18 WEDNESDAY

SHORT TERM TREND : BULLISH : TARGET RS 352

LONG TERM TREND : BULLISH : TARGET RS 370

S1 RS 342, S2 RS 339, S3 RS 334

R1 RS RS 346, R2 RS 349, R3 RS 353

PREFER LONGS AT RS 343.20 TO 343

STOP LOSS RS 340

TARGET RS 348

US copper slips then holds as weak dollar supports.

Copper closed in the red after closing at 1 week high

the day before.Copper prices were unable to stay in

the green on account of weaker housing data.

U.S. copper futures fell before steadying on lower ground

early Tuesday morning as a weaker tone in the dollar and

strong Chinese industrial production data were seen

limiting morning losses.

Copper for July delivery HGN8 was down 1.35 cents at

$3.6520 per lb by 9:45 a.m. EDT (1345 GMT) on the the

New York Mercantile Exchange's COMEX division.

Copper's short-term price direction continued to be driven

by the U.S. dollar.