JULY 24 THURSDAY

SHORT TERM TREND : BEARISH : TARGET RS 336

LONG TERM TREND : BULLISH : TARGET RS 405

S1 RS 338, S2 RS 336, S3 RS 333

R1 RS 344.20, R2 RS 346, R3 RS 348.70

PREFER SHORT AT RS 343.80 TO 344

STOP LOSS RS 346

TARGET RS 338

Copper Drop in London as Stronger Dollar Curbs Appeal .

Copper fell to five-week lows in London as a stronger dollar

dulled metal's appeal as an alternative investment.

Copper for delivery in three months fell as much as $105, or

1.3 percent, to $8,025 a metric ton, the lowest intraday price

since June 17. The contract traded at $8,057 a ton as of

3:52 p.m. London time. Aluminum dropped as much as $42,

or 1.4 percent, to $2,993 a ton, worst since June 17.

A stronger U.S. currency discourages holders of other

monies to buy dollar-denominated commodities, which

become more expensive to them.