SEPT 4 THURSDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 321.40 , S2 RS 318

R1 RS 327.50 , R2 RS 330

WAIT FOR CONFIRMATION.

MCX NOV COPPER IS EXPECTED TO TRADE IN THE

RANGE OF RS 321.60 TO 320.

Copper Rises on Speculation August Price Slump

Will Spur Demand .

Copper rose the most in almost two weeks on

speculation that a recent price slump will attract

buyers anticipating demand from emerging

economies.

The metal also climbed after U.S. factory orders

increased in July more than forecast. The 1.3

percent rise in bookings followed a revised 2.1

percent increase in June, the Commerce

Department said. Economists had forecast

a gain of 1 percent, the median estimate of

63 surveyed by Bloomberg News.

On the London Metal Exchange, copper for delivery in

three months rose $90, or 1.2 percent, to $7,350 a metric

ton ($3.33 a pound). Before today, the price gained

8.8 percent this year.