AUG 28 THURSDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND :BEARISH

S1 RS 330 , S2 RS 327

R1 RS 335 , R2 RS 338

MARKET IS EXPECTED TO MOVE SIDEWAYS.

Copper Futures Gain in New York as Dollar Declines, Oil Rallies .

Copper gained as a decline in the dollar and a rise in

energy costs increased demand for commodities as

a hedge against inflation.

The dollar fell as much as 0.8 percent against a basket of the

euro, yen and four other major currencies.

Crude oil climbed as much as 2.9 percent.

Copper has gained 13 percent this year as the dollar slumped

to a record versus the euro and fuel prices soared.

Copper futures for December delivery rose 2.85 cents, or

0.8 percent, to $3.445 a pound on the Comex division of

the New York Mercantile Exchange. The price reached a

record $4.2605 on May 5.

The U.S. currency reached a six-month high against the euro

yesterday on reports of weaker growth in Germany, Europe's

largest economy.

On the London Metal Exchange, copper for delivery in three

months rose $70, or 0.9 percent, to $7,650 a metric ton

($3.47 a pound). The price has gained 4.6 percent in the

past 12 months.