OCT 23 THURSDAY
All the metals ended lower in the back of a lot of
negative news.The rising dollar , falling demand and
global recession fears are gripping the market.
Apparently London traders had their eye on the markets again.
With the decline in China's GDP to 9 % fundamentals for
base metals have become weak from a short term
perspective.
Lead has support at $ 900 and resistence is at $ 1500.
We are at $ 1285 on Lead down $ 85.
The market got hammered today and has taken out last
week's low .Analyst say there is nothing on the long time
chart until the $ 900 level.
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