OCT 2 THURSDAY

Base metal prices on the London Metal Exchange

moved higher in pre market trade wednesday on the

back of stronger tone in the equity market but the

underlying mood remains jittery.

Three month Copper was bid at $ 6425 mt at 0900 GMT

up $ 65 from the previous close as the market continued

its recovery from 18 month low seen on Tuesday.

Analyst feel the immediete downside is limited and

copper will create a base of $ 6300 to $ 6600 over

the next couple of weeks.

The December 2007 low of $ 6350 was breached earlier

in the day but it subsequently bouncd back.Analyst

feel this is a key level to hold and a break below this

level could see it testing the next support of $ 5500

to $ 5800 mark.