AUG 27 WEDNESDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

SUPPORT 1 RS 328.60, SUPPORT 2 RS 325

RESISTENCE 1 RS 335 , RESISTENCE 2 RS 338

SELL BELOW RS 328

STOP LOSS RS 332

TARGET RS 323

Copper slips to one-week low as dollar strengthens.

Industrial metals lost ground onTuesday, with copper falling to

its lowest level in almost a week asrising inventories and a

firmer U.S. dollar dampened sentiment.

London Metal Exchange copper for delivery in three months

to $7,485 per tonne, the lowest since Aug. 20 and ended the day

at $7,580 a tonne, down $80 from Friday, when it sank 2.6

percentbefore a long weekend in London.

In New York, copper for September ended down

4.30 cents at $3.4385 a lb on the New York Mercantile

Exchange'sCOMEX division.

The dollar rallied to a six-month high against the euro as

the single currency tumbled on weak German data that

raised concerns ofrecession in the euro zone and fuelled

expectations of interest rate cuts there.

Copper has risen fivefold in the last five years to hit a high

of $8,940 in July in London and a record $4.27 in May.

Prices are down 16 percent in London since the record,

while in New York, the market is down 19 percent.