JULY 2 WEDNESDAY

SHORT TERM TREND : BULLISH: TARGET RS 377

LONG TERM TREND : BULLISH : TARGET RS 370

S1 RS 370.60, S2 RS 368, S3 RS 365

R1 RS 374, R2 RS 377, R3 RS 381

PREFER LONGS AT RS 370.50 TO 370.40

STOP LOSS RS 368

TARGET RS 374

US copper ends up broad commods strength, eyes $4 .

U.S. copper futures closed higher Tuesday, supported

by strength in surrounding commodity markets and

a continued strike in Peru, the world's second-largest

producer of the red metal.

Copper for September delivery ended up 2.80

cents at $3.9105 a lb on the the New York Mercantile

Exchange's COMEX division.

The session range ran from $3.85 to $3.9245, the contract's

highest level since its May 5 peak at $4.22.

* Copper rides a wave of bullish momentum across

the broader commodity spectrum, tracking the

ongoing strength in crude oil and a firmer gold

future which hit a 2 1/2 month peak.

Copper also up on surprisingly strong U.S. manufacturing

data.

Copper underpinned by ongoing supply threats in Peru.

Workers at several big mines in Peru went on strike

Monday and joined a nationwide walkout, hoping to

pressure Congress to pass a bill that would give

them a greater share of profits from sky-high

metals prices.

* London Metal Exchange (LME) copper warehouse stocks

fell 250 tonnes to 122,350 tonnes on Tuesday.

* LME copper for three-months delivery

touched a two-month high at $8,645 a a tonne, before

ending at $8,610, up $90 from Monday's close.