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Thursday, June 5, 2008

UPDATES ON JUNE 5 THURSDAY

JUNE 5 THURSDAY


Lead stockpiles monitored by the exchange jumped 2,925 tons, or 4.3 percent,

to 71,525 tons, according to LME data, the highest since Sept. 11, 2006.

The price dropped as much as $63.50, or 3.1 percent, to $1,992 a ton.


IMPORTANT SUPPORT AND RESISTENCE

S1 RS 82.20, S2 RS 80.40, S3 RS 80

R1 RS 84.50, R2 RS 84.90, R3 RS 86.70

TRADE RECOMMENDATION

SELL BELOW RS 85

STOP LOSS RS 86.25

TARGET RS 83.80 82.50.

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