AUG 29 FRIDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 327 S2 RS 324

R1 RS 332.30, R2 RS 335

Copper May Fall Next Week as Stockpiles Rise, Survey Says .

Copper may decline next week after stockpiles of the

metal expanded, increasing supply.

Copper easd on Thursday on concerns overa lack

of demand from China , the worlds biggest user of the

metal but prices were supported by a strong

dollar.

Copper for delivery for 3 months on the London Metal

Exchange fell to $ 7563 per tonne at 1000 GMT.

About 6000 tonnes of refined copper has arrived

in Shangai while inventories in the LME Warehouse

of the metal rose by 2200 tonnes the highest level

since Feb 5.