TECHNICALS FOR FEB 4

MCX FEB COPPER

SHORT TERM : SIDEWAYS

LONG TERM : BEARISH

SUPPORTS : 162, 158,155.50

RESISTANCES : 166.70, 169,172

STAY LONG AT SUPPORTS

Copper Rises a Second Day on Speculation U.S. Demand to Rebound .

Copper advanced for a second day in London on speculation

a rebound in U.S. manufacturing may revive demand for

industrial metals.

Copper for delivery in three months rose $200, or 6.3

percent, to $3,375 a ton at 4:42 p.m. on the London Metal

Exchange. Copper has gained 9.9 percent this year compared

with an 8.4 percent drop for aluminum. On the Comex

division of the New York Mercantile Exchange, copper

futures for March delivery climbed 9.1 cents, or 6.4

percent, to $1.522 a pound.

Stockpiles of copper rose 4,100 tons and more than made up

for yesterday’s slide of 325 tons, the first drop since

Dec. 11.