OCT 3 FRIDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 286 , S2 RS 282

R1 RS 293 , R2 RS 296.40

STAY SHORT AT RESISTENCE.

Dollar drags down copper.

Copper hit a fresh 19-month low on Thursday as the dollar rallied .

London closed down 5 percent at $5,850 from Wednesday's

$6,160 -- the lowest since early March 2007.

In New York, copper for December delivery shed 16.20 cents,

or 5.8percent, to end at $2.6275 a lb on the New York

Mercantile Exchange's COMEX division.

In early trade, copper prices in London and New York rose over

1 percentafter the U.S. Senate approved a revised rescue

plan for the financial markets.

The market was awaiting the House of Representatives' vote

on the $700 billion dollar package, which was expected by Friday.

The dollar index touched a near 13-month high as the euro

dropped oncomments from European Central Bank

President Jean-Claude Trichet that euro-zone inflation

Major automakers reported sharper-than-expected

falls in U.S. sales for September.

In copper, concern about demand from the construction and

power industrieshas eroded confidence, as have expectations

of slower demand growth in China,the world's largest consumer.

The second-largest copper consumer, the United States, will

likely suffer asharp economic downturn, or even recession,

judging by the impact of similarbanking crises around the

globe over the past 30 years, the InternationalMonetary

Fund said.

Copper shrugged off a strike at Freeport-McMoRan's

Cerro Verde, the third-largest copper mine in Peru.