AUG 19 TUESDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

SELL AT 321 TO 321.50

STOP LOSS RS 325

TARGET RS 315

S1 RS 314, S2 RS 311.10, S3 RS 306.80

R1 RS 321.16, R2 RS 325.40, R3 RS 328.30

Copper Declines, Reversing Gain in New York, on Demand Concern.

Copper fell, reversing earlier gains, as signs of a slowing

European economy fueled concern that demand will

decline for the metal used in pipes and wires.

Copper futures for December delivery sank 1.9 cents, or 0.6

percent, to $3.2955 a pound at 11:42 a.m. on the Comex

division of the New York Mercantile Exchange. Most-active

futures fell 0.6 percent last week, the smallest such move

since the six-week losing stretch began early last month.

The dollar was down 0.2 percent at $1.4718 per euro.

Earlier, the U.S, currency dropped as much as 0.5 percent

to $1.4768, spurring demand from traders who buy

commodities priced in dollars as a hedge against inflation.

Copper had gained as much as 2 percent before retreating.

Before today, copper dropped 9.5 percent this month as

the dollar gained 5.9 percent against the euro.

On the London Metal Exchange, copper for delivery in three

months was unchanged at $7,360 a metric ton ($3.34 a pound).