NOV 5 WEDNESDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 205.40 , S2 RS 202

R1 RS 212 , R2 RS 218

STAY LONG FOR INTRA DAY

Copper Falls in London as Dollar Gains, Cutting Demand Outlook .

Copper declined in London as the dollar rebounded against

the euro and crude oil dropped, reducing the appeal of

the metal as an alternative investment.

Copper for delivery in three months on the London Metal

Exchange declined as much as 1.2 percent to $4,250 a

metric ton and traded at $4,265 as of 10:32 a.m.

Singapore time. Copper has lost 36 percent this year,

heading for the first annual drop since 2001, as rising

stockpiles signal weaker demand.

Copper for January delivery on the Shanghai Futures Exchange

rose 2.8 percent for the previous close to 32,650

yuan at 10:36 a.m. local time.

Global copper demand will fall 0.2 percent next year, down

from an earlier forecast for a 1 percent advance, because

of slower economic growth in China, Credit Suisse Group

analyst Jeremy Gray wrote in a report Nov. 3. China is

the world's largest consumer of industrial metals.

Copper inventories tracked by the LME rose for a

10th day, reaching the highest since March 2004.

Including those monitored by bourses in New York

and Shanghai, stockpiles are equal to about 5.4 days

of global consumption, above last year's average of

4.9 days.