DEC 2 TUESDAY

SHORT TERM TREND: BEARISH

LONG TERM TREND : BEARISH

S1 RS 186 , S2 RS 183.60 , R3 RS 190.40

R1 RS 192.60 , R2 RS 194 , R3 RS 196.30

STAY SHORT AT RESISTENCE.

Copper dropped $20 to $3,600 a ton.

Base metal prices have declined sharply on the back

of financial uncertainity across the globe.

Base metals are taking cues from the global equity

market as the demand factor is highly important.

World Bureau of Metal Statistics reported a global

copper market surplus of 26.8 Kt in the first nine months

of 2008 compared to 187 Kt deficit in the same period in

2007.

Prices hover below $ 4000 level .

Analysy feel the prices are expected to remain in the

range of $ 3000 to $ 4000 till the year end.