SEPT 12 FRIDAY
COPPER MCX NOVEMBER

SHORT TERM TREND - BULLISH

LONG TERM TREND - BEARISH

SUPPORT 1- 313

SUPPORT 2 - 310

RESISTANCE 1 - 318.6

RESISTANCE 2 - 322

US copper ends higher as support emerges near $3 a lb.

U.S. copper futures closed higher on Thursday, bucking a

generally weaker tone across the broader commodity arena,

as buyers stepped up their purchases as prices neared

$3.00 a lb, brokers said.

Copper for December delivery settled up 0.85 cent at $3.1225 a

lb on the New York Mercantile Exchange's COMEX division.

Copper up in modest technical short-covering boost after

the benchmark December contract's failure to break down

below Wednesday's session low at $3.04 - brokers.

Copper's positive settlement bucks broader weakness in

commodities, as the short commodity/long dollar trade

continued to weigh on the complex.

The dollar scaled a fresh one-year high versus the euro and

a basket of currencies on Thursday, boosted by U.S. investors

repatriating overseas investments amid escalating worries

about global growth.

London Metal Exchange inventories rose 275 tonnes to 204,125

tonnes on Thursday, their highest level since March 2007.

COMEX copper stocks were unchanged at 5,390 short tons

on Wednesday.

London Metal Exchange copper for three-months settled up $90 at

$6,930 a tonne from Wednesday's kerb close.