JAN 28 WEDNESDAY

SHORT TERM TREND: BEARISH

LONGTERM TREND : BEARISH

S1 RS 159.60 , S2 RS 157 , S3 RS 154

R1 RS 163 , R2 RS 165.30 , R3 RS 168

STAY SHORT AT RESISTANCE.

Copper rose the most in two months in London as technical

charts used by some traders signaled further gains.

Copper for three-month delivery gained $294, or 9 percent, to

$3,545 a metric ton at 5:09 p.m. on the LME, the biggest jump

compared with closing prices since Oct. 29.

Prices dropped as much as 1.2 percent earlier after inventories

in warehouses monitored by the London bourse climbed to


439,425 tons, the highest since Dec. 23, 2003

Copper will average $1.25 a pound ($2,756 a ton) this year, down

60 percent from last year’s spot price and leading declines

in aluminum, nickel, zinc and lead, according to Citigroup.