OCT 29 WEDNESDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 208 , S2 RS 202

R1 RS 216 , R2 RS 221

Copper Prices Gain for Second Day in New York as

Equities Rally .

Copper prices rose for a second day as a rally in equity

markets lessened concern about the severity of a

possible global economic slowdown following the

worst financial crisis since the Great Depression.

Copper futures for December delivery rose 3 cents, or

1.7 percent, to $1.835 a pound at 12:21 p.m. on the Comex

division of the New York Mercantile Exchange. The metal

rose 7 percent yesterday.

Copper also gained on concern recent price declines will spur

miners to reduce supplies. Before today, copper tumbled

37 percent in October, heading for its worst month since

trading began in New York in 1988.

On the London Metal Exchange, copper for delivery in three

months rose $50, or 1.2 percent, to $4,070 a metric ton

($1.85 a pound).