JAN 22 THURSDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND ; BEARISH

S1 RS 155.10 , S2 RS 152 , S3 RS 148

R1 RS 159.40 , R2 RS 162 , R3 RS 165

STAY SHORT AT RESISTANCE.



Copper futures dropped more than 4% Wednesday, as mining

giant BHP Billiton said it will cut about 6,000 jobs amid

falling demand for commodities.

Copper for March delivery fell 7 cents, or 4.6%, to end at

$1.43 a pound on the New York Mercantile Exchange.

London three-month copper fell $121 to $3,220 per tonne as

inventories in London Metal Exchange warehouses added 8,375

tonnes to 417,475 tonnes on the session.