NOV 25 TUESDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 182 , S2 RS 180.20 , S3 RS 178.60

R1 RS 186 , R2 RS 188.60 , R3 RS 190.40

Copper Declines From One-Week High on Global

Economy Concerns .

Copper declined as investors speculated a rally to a one-week

high was overdone against the backdrop of a global

economic slowdown and rising inventories.

London copper jumped as much as 7.8 percent to the

highest price since Nov. 14 yesterday as U.S. stocks

rallied on a government rescue of Citigroup Inc. The

global surplus of the metal, used in power grids and

buildings, more than tripled to 75,000 metric tons in

the eight months ended August from a year ago, according

to the International Copper Study Group.

Copper for three-month delivery fell as much as 2.9 percent

to $3,640 a ton on the London Metal Exchange and traded

at $3,680 at 12:44 p.m. in Shanghai. It jumped to as high

as $3,815 yesterday.

February-delivery copper on the Shanghai Futures Exchange

traded at 27,730 yuan ($4,061) a ton after rising as much

as 4 percent, or the exchange-imposed limit, from the

previous settlement price.