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Thursday, October 16, 2008

UPDATES ON OCT 16 2008

OCT 16 THURSDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND: BEARISH

S1 RS 71.10 , S2 RS 70.40

R1 RS 74.80 , R2 RS 76

SELL AT RESISTENCE LEVELS.

Lead fell over 7 percent and closed at $1,515

per tonne from $1,640.

Lead has support at $ 1420 and Resistence at $ 1700.

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