DEC 29 MONDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 142.80 , S2 RS 140.60 , S3 RS 138

R1 RS 147 , R2 RS 149.60 , R3 RS 152

STAY SHORT AT RESISTENCE.

As LME remained closed for the holidays the activities

remained subdued and traders were waiting for Monday

opening.

Copper for delivery in three months fell $25, or 0.9 percent,

to $2,845 a ton in London. On the New York Mercantile

Exchange’s Comex division, copper futures for March

delivery fell 0.7 cent, or 0.5 percent, to $1.274 a

pound. Futures are down 58 percent this year.

Not much is expected in the coming week with

negative expectations for early 2009 .

In the coming week London Metal Exchange is closed

on Thursday.