NOV 18 TUESDAY

SHORT TERM TREND: BEARISH

LONG TERM TREND : BEARISH

S1 RS 179.80 , S2 RS 177

R1 RS 183.60 , R2 RS 186

Copper falls 3 pct as recession woes persist.

Industrial metals drifted lower on Monday, with copper

slipping more than 3 percent as investors priced in weaker

consumption outlook for metals in the face of a global

downturn.

Copper for three-months delivery on London Metal Exchange

fell to a session low of $3,680 per tonne and was at $3,695 per

tonne by 1030 GMT, versus $3,820 on Friday, when it

jumped around 5 percent.

Lack of demand could be mirrored in the sharply surging

LME inventories of copper, which has risen another 1,800

tonnes, bringing the total to 275,900 -- its highest since

February 2004. Stocks have risen nearly 40,000

tonnes so far in November alone.

The dollar fell against the euro and the sterling but did

not help metals. In theory, metals tend to move in the

opposite direction of the dollar, as a strong U.S.

currency makes them more expensive for local

currency holders.