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Wednesday, March 4, 2009

UPDATES ON MAR 4 2009

MAR 4 WEDNESDAY

TREND : UP

SUPPORT 1 RS 181.50 , SUPPORT 2 RS 180 , SUPPORT 3 RS 178

RESISTANCE 1 RS 184.80 , R2 RS 186.80 , R3 RS 190

STAY LONG AT SUPPORT.

Copper prices were higher Tuesday after inventories in

London Metal Exchange warehouses fell again and as the

dollar remained relatively weak.

Copper for delivery in three months rose $135, or 4 percent,

to $3,520 a ton at 5:38 p.m. local time. The contract lost

54 percent in 2008.

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