JUNE 19 THURSDAY

SHORT TERM TREND : BULLISH : TARGET RS 358

LONG TERM TREND : BULLISH : TARGET RS 370

PREFER LONGS AT RS 352 TO 351.50

STOP LOSS RS 349

TARGET RS 356

Copper Advances Close to One-Month High on Peru Supply Concerns

Copper rose for a second day in Asia, trading near the

highest in a month, as a protest threatened to disrupt

output in Peru, the third-largest supplier of the metal

used in wires and pipes.

Copper for delivery in three months rose as much as $48,

or 0.6 percent, to $8,287 a metric ton on the London Metal

Exchange, and stood at $8,265 at 10:04 a.m. Singapore

time. The contract climbed to $8,300 a ton yesterday,

the highest since May 22.

Copper for August delivery gained as much as 1,130 yuan,

or 1.8 percent, to 62,780 yuan ($9,128) a ton on the

Shanghai Futures Exchange, the highest since May 26.


The most-active contract stood at 62,550 yuan at

10.07 am local time.

Copper in London rose to a record $8,880 a ton on April

17 on supply disruptions in Chile and Mexico.


10:07 a.m. local time.