TECHNICALS FOR JAN 23

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 151.30 , S2 RS 149.40 , S3 RS 147

R1 RS 155 , R2 RS 157.30 , R3 RS 159

STAY SHORT AT RESISTENCE.

Copper fell to a one-week low in London, dropping for a third

consecutive day, as expanding stockpiles of the metal

signaled worsening demand.

Inventories of copper in warehouses monitored by the London

Metal Exchange rose 1.2 percent to 422,450 metric tons,

the highest since January 2004.

Copper for delivery in three months on the LME dropped as

much as $95, or 3 percent, to $3,125a ton, the lowest

intraday price since Jan. 13. The contract traded at

$3,130 as of 4:16 p.m. local time.