JAN 20 TUESDAY

SHORT TERM TREND : BULLISH

LONG TERM TREND ; BEARISH

S1 RS 166 , S2 RS 164 , S3 RS 161.50

R1 RS 170 , R2 RS 172 , R3 RS 174.50

BUY ON DIPS FOR INTRA DAY.

Copper climbed to a one-week high, pacing a rally in industrial

metals, on optimism U.S. president- elect Barack Obama's

stimulus package will lift the world's largest economy out

of a recession.

Copper advanced as much as 3.6 percent to $3,475 a metric ton

on the London Metal Exchange, the highest since Jan. 12. It

traded at $3,410 at 3:48 p.m. in Singapore, extending the

2.3 percent increase Jan. 16.

Inventories monitored by the London Metal Exchange climbed to

a five-year high of 391,525 tons on Friday. Stockpiles in

Shanghai warehouses fell 30 percent, the most in almost a year,

to 15,871 tons last week, before the Lunar New Year next week.