SEPT 10 WEDNESDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 306 , S2 RS 303

R1 RS 311.30 , R2 RS 314.50

WAIT FOR CONFIRMATION.

US copper futures hit 7-1/2-mth low, market eyes $3.

U.S. copper futures closed with modest losses Tuesday after

hitting their lowest levels in more than seven months as

further dollar-induced liquidation pinned the market down

near the bottom of its yearly range, analysts said.

Copper for December shed 0.60 cent by the

close to $3.0870 a lb on the New York Mercantile Exchange's

COMEX division.

The dollar fell on Tuesday, reversing earlier strength against

the euro, on the back of jitters in the financial sector and on

economic data revealing further deterioration in the U.S.

housing sector.

In afternoon trading in New York, the euro was last up 0.35 percent

at $1.4175 backing away from an 11-month low touched overnight.

Pending sales of existing U.S. homes fell more sharply than

expected in July, partially erasing gains from the previous

month, data from a real estate trade group showed on Tuesday.

COMEX copper stocks were flat at 5,390 short tons on Monday.

In China, as much as 70,000 tonnes of copper supplies stockpiled

in bonded warehouses around Shanghai could spill into the

physical market within weeks there

London Metal Exchange copper for three-months delivery fell

as low as $6,778 a tonne, its lowest level since Jan. 22, before

ending the day at $6,815, down $135 from Monday's closing

level.