CLOSING COMMENTARY ON AUG 31 MONDAY

Copper prices dropped nearly 5 % due to weaker

fundamentals. Copper Nov prices broken strong sup of

307 and still continuing its bearish signals. But

remember prices should close above 307 levels. Below

307 prices looks more weak and if prices continue this

trend tomo then can be more bearish. Prices could test

300 - 295 levels below the strong res level of 307.

Any strong buying above this level could be the buying

side. Wait for confirmation.