OCT 4 SATURDAY

Copper Leads Decline in Industrial Metals, Down 14% This Week .

Copper led declines in industrial metals on the London

Metal Exchange with a 14 percent drop this week, the

most in at least 22 years, before a U.S. jobs report that

may indicate slowing growth in the world's biggest

economy.

Copper is down 13 percent this year, heading for the first

annual retreat since the last U.S. recession in 2001.

Copper for delivery in three months fell $40 to $5,810

a metric ton as of 9:28 a.m. on the London Metal Exchange

and earlier dropped to $5,670, the lowest since February

2007.

Copper has support at $ 5250 and Resistence at $ 6300.

Analyst say the chart looks dreadful with the recent plunge

resembling that of the proverbial knife.They say the next

support is at $ 5250 , the early 2007 low.But it is over sold

in the short term.

Copper prices were down 14 % so far this week eclipsing

the previous record weekly loss of 13.2 % seen in August

1980.