JULY 15 TUESDAY

SHORT TERM TREND : SIDEWAYS: TARGET RS 351 TO 358

LONG TERM TREND : BULLISH: TARGET RS 405

S1 RS 353, S2 RS 350, S3 RS 347

R1 RS 358, R2 RS 361, R3 RS 363

MARKET IS EXPECTED TO MOVE SIDEWAYS.

US copper ends up on back of broad metals strength.

U.S. copper futures closed slightly higher Monday, with

surrounding strength in the broader complex providing

a mild boost to the red metal still weathering the effects

of an early-July collapse from $4 a lb, brokers said.

* Copper for September delivery ended up 1.20 cents at

$3.7520 a lb on the the New York Mercantile Exchange's

COMEX division.

* The session range tightened to $3.7105 to $3.7820.

* Copper's volatile price action led by fluctuations in the U.S.

dollar, which managed to claw back from a near-record low

against the euro after the U.S. government announced an

emergency plan to restore investor confidence in mortgage

giants Fannie Mae and Freddie Mac .

* A weaker American currency makes dollar-denominated

assets like copper more attractive for non-U.S. investors.

* Copper supported by labor unrest in South America,

where miners are threatening a national strike unless the

government opens a debate by year-end about

nationalizing resources again.

* London Metal Exchange warehouse stocks were up 600

tonnes to 124,725 tonnes on Monday.

* COMEX copper stocks stood even at 9,037 short tons on Friday.

* Noncommercial investors, or speculators, trimmed their net

long position in COMEX copper futures by 900 lots in the week

ended July 8, as prices pulled back sharply from a test of the

$4 mark.

* LME copper for delivery in three-months settled up $15 at

$8,285 a tonne from Friday's closing level.