AUG 12 TUESDAY

SHORT TERM TREND : BEARISH : TARGET RS 301

LONG TERM TREND : BULLISH : TARGET RS 405

S1 RS 305, S2 RS 301, S3 RS 294.50

R1 RS 309, R2 RS 312.30, R3 RS 315.60

PREFER SHORT AT RS 309 TO 309.30

STOP LOSS RS 311.50

TARGET RS 306

Copper hits six-month low as confidence crumbles.

Copper prices slid to six-month lowson Monday as a strengthening

dollar triggered a sell-off in a marketalready worrying about weak

demand from top consumers China and theUnited States.

Copper for delivery in three months a tonne onthe London Metal

Exchange, the lowest since early February, beforeclosing at

$7,330 down from Friday's $7,410.

Copper used widely in power and construction has tumbled about

17 percent since a record high of $8,940 on July 2.

The dollar rose to six-month highs against the euro,beyond $1.50,

as the market started to worry that economic slowdownin the

United States was spreading to other countries and regions

including the euro zone.

A stronger U.S. currency makes metals denominated in dollars

more expensive for holders of other currencies.

Analysts said the week could see some volatile trading as

investors try to decide whether the dollar would be able

to sustain gains.