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Thursday, August 28, 2008

UPDATES ON AUG 28 2008

AUG 28 THURSDAY

SHORT TERM TREND : BULLISH

LONG TERM TREND : BEARISH

S1 RS 88.70 , S2 RS 87.20

R1 RS 93, R2 RS 96.30

BUY AT DIPS.

Three month Lead rose 5.1 % to $ 1950 a tonne ,

a two week high as inventories in LME Warehouse

fell 3050 tonnes to 83375 tonnes the lowest

level since June 13.


The metal was last quoted at $ 1925 /1930

from Tuesdays close of $ 1855.

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