FEB 19 THURSDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 156 , S2 RS 154.20 , S3 RS 151

R1 RS 160 , R2 RS 163 , R3 RS 166

STAY SHORT AT RESISTANCE.

Copper rose from a two-week low in London on speculation that

China, the world’s largest consumer of the metal, is

accelerating purchases.

Copper inventories in London Metal Exchange-monitored

warehouses declined 1,125 metric tons, the most since

Oct. 21.

Copper for three-month delivery rose $52, or 1.6 percent, to

$3,237 a metric ton at 5:05 p.m. local time on the LME.

The contract earlier reached $3,165, the lowest since Feb. 2.