SEPT 18 THURSDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 313 , S2 RS 311.50

R1 RS 318 , R2 RS 321

WAIT FOR CONFIRMATION.

Copper languishes on fears over Chinese demand.

Copper hovered close to an eight month low on

Wednesday , shrugging off a US bail out of

troubled insurer American International Group

(AIG) as investors fretted about demand from top

consumer China.

London Mrtal Exchange copper lost 0.7 5 OR $ 45

to $ 6825 a tonne at 1001 GMT , extending Tuesdays

near one month slide.

Earlier in the session commodity prices including

metals , rose with crude oil up more than 3 % recovering

from Tuesdays 7 month low.

The Fed held intrest rate steady at 2 % opting for

the time being to soothe rattled financial markets with

Central Bank lending facilities rather than rate cuts.

On Tuesday coppers top consumer China cut its

intrest rates unexpectedly , the first since February

2002 and the Central Bank also reduced the reserve

ratio.

In Shanghai copper prices dropped to the lowest this

year .