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Tuesday, October 7, 2008

UPDATE

TECHNICALS FOR OCTOBER 7

LEAD MCX OCTOBER

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

SUPPORTS : S1 77.30, S2 76

RESISTANCES : R1 79.40, R2 80.60

SELL AT 79.20 TO 79.40, SL 80.60 , TGT 77.30

We are now at $ 1645 on lead down $ 75 and Analyst

say has broken the short term upchannel which

suggest that lead could visit the July's low of $ 1530.

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