DEC 3 WEDNESDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 182.10 , S2 RS 180.30 , S3 RS 178

R1 RS 186 , R2 RS 189 , R3 RS 192

STAY SHORT AT RESISTENCE.

Copper Drops to 1-Week Low in New York as Inventories Gain .

Copper futures fell to a one-week low as stockpiles rose

to the highest level in more than four years, increasing

concern supplies will outpace demand.

Inventories monitored by the London Metal Exchange rose

0.6 percent today to 293,025 metric tons. That’s the

highest since Feb. 24, 2004.

Copper futures for March delivery lost 3.15 cents, or 1.9 percent,

to $1.5995 a pound at 9:11 a.m. on the Comex division of the

New York Mercantile Exchange. Earlier, the price dipped to

$1.575, the lowest since Nov. 24.

On the London Metal Exchange, copper for delivery in three

months fell $40, or 1.1 percent, to $3,550 a metric ton

($1.61 a pound).