AUG 20 WEDNESDAY
SHORT TERM TREND : BULLISH
LONG TERM TREND : BEARISH
S1 RS 78, S2 RS 76
R1 RS 80.40 , R2 RS 83
BUY AT 79.20 TO 79
STOP LOSS RS 77
TARGET RS 83
Lead added $64, or 3.8 percent, to $1,759 a ton after LME-
tracked stockpiles earmarked for withdrawal jumped 11
percent to 14,150 tons, the highest since July 2006.
That accounts for 16 percent of total exchange
inventories. Most of the increase was in Singapore,
traditionally a location for deliveries into China.
Lead has dropped 31 percent this year, the most
among all LME metals.
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