AUG 5 TUESDAY

SHORT TERM TREND : BEARISH : TARGET RS 318

LONG TERM TREND : BULLISH : TARGET RS 405

S1 RS 320.40, S2 RS 318, S3 RS 315

R1 RS 325, R2 RS 328, R3 RS 330.60

PREFER SHORT AT RS 325 TO 325.20

STOP LOSS RS 328

TARGET RS 320.50

US copper hits 5-mth low on weak demand prospects.

U.S. copper futures tumbled to a 5-month low early

Monday as worries about demand for industrial metals

sparked a sharp sell-off, exacerbated by heavy bouts

of technical selling, traders said.

Copper for September delivery slipped 11.90 cents, or 3.3 percent,

at $3.4595 a lb by 10:10 a.m. EDT (1410 GMT) on the New York

Mercantile Exchange's COMEX division.

Technical selling intensifies after September's break below its

200-day moving average at $3.5350, and the June 12 low

at $3.51 - trader.

Copper down in extension of Friday's weaker tone after economic

data showed China's manufacturing sector in contraction during

for the first time since the survey began in 2005, European

manufacturing in contraction, as well as flat U.S. manufacturing

and weak nonfarm payrolls and auto sales.

London Metal Exchange warehouse stocks jumped 1,550 tonnes

to 146,200 tonnes on Monday. Stockpiles were up nearly 24,000

tonnes during the month of July.

COMEX copper stocks eased 23 short tons to 6,300 short tons on Friday.

LME copper for delivery in three-months MCU3 was at $7,665

a tonne, down $235 from Friday's closing level.