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Tuesday, September 2, 2008

UPDATES ON SEPT 2 2008

SEPT 2 TUESDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 86 , S2 RS 84.80

R1 RS 88 , R2 RS 90.60

WAIT FOR CONFIRMATION.

Lead closed at $1,935 versus $1,980 at Friday's close.

The 2008 forecast for lead was revised down from the

previous quarter at $1.05 per pound or $2,315 per tonne.

A firm U.S. currency makes dollar-priced metals more

expensive for holders of other currencies.

Volumes were low with the U.S. market shut for Labor Day.

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