JUNE 5 THURSDAY

Copper futures fell on stronger Dollar and on expectations that the demand for the

metal will continue to remain weak in U.S.

TRADE RECOMMENDATION

SELL AROUND RS 336

STOP LOSS RS 338.60

TARGET RS 33.350,331.40 AND 328

IMPORTANT SUPPORT AND RESISTENCE LEVELS

S1 RS 333.20, S2 RS 331.20, S3 RS 329.90

R1 RS 336.50 ,R2 RS 337.80, R3 RS 339.80

PIVOT RS 334.50

Copper Falls for Third Day in London After Dollar Strengthens .

Copper fell for a third consecutive day in London after the dollar

traded close to a two-week high against the euro, diminishing the

appeal of the metal as a currency hedge.

Copper for delivery in three months fell $55, or 0.7 percent, to $7,855

a metric ton as of 4:34 p.m. on the London Metal Exchange. The

contract lost 7.2 percent in May, the biggest monthly drop since November.

Stockpiles of the metal dropped for a fourth consecutive day, falling

650 tons, or 0.5 percent, to 122,250 tons, according to LME data.

Including those monitored by exchanges in New York and Shanghai,

they total 176,829 tons, or 3.4 days of global consumption, according to

Bloomberg calculations. Last year's average was 4.9 days.