JULY 22 TUESDAY

SHORT TERM TREND SIDEWAYS ; TARGET RS 342 TO 356

LONG TERM TREND : BULLISH : TARGET RS 405

S1 RS 346, S2 RS 344, S3 RS 341

R1 RS 350.50, R2 RS 352, R3 RS 354

US copper futures end up on broader metals strength.

U.S. copper futures settled with modest gains on

Monday, with a weaker tone in the dollar and

surrounding market strength providing mild support.

Copper for September delivery closed up 1.20 cents at

$3.6810 a lb on the the New York Mercantile Exchange's

COMEX division.

Copper edges up on back of rebounding U.S. crude oil futures

and strength in the broader metals complex.

Copper gains buck lessened supply threats from Peru,

the world's No. 2 producer.

London Metal Exchange (LME) inventories rose by 175

tonnes to 128,725 tonnes on Monday.

COMEX copper stocks declined 157 short tons to 7,700

short tons on Friday. Inventories are down over 30 percent

since the start of the month.


LME copper for delivery in three-months MCU3 ended at

$8,120 a tonne from $8,080 at the close on Friday.