JAN 19 MONDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND: BEARISH

S1 RS 164 , S2 RS 162 , S3 RS 160

R1 RS 168.30 , R2 RS 170 , R3 RS 172

Copper and other base metals witnessed good activity

during the week end and they can sustain the gains

only on a clear sign of economic revival , in particular

in the way China behaves in the market.

Copper was at $ 3395 up $ 115.

Analyst feel that it would seem to lok more positive

if it closes above $ 3400.

LME stocks were up but Shanghai stocks were off

sharply for the week.

Support is at $ 2845 and resistence is seen at $ 3400 .