OCT 29 WEDNESDAY
SHORT TERM TREND : SIDEWYAS
LONG TERM TREND : BEARISH
S1 RS 68.50 , S2 RS 65
R1 RS 72 , R2 RS 75
Lead raced to $0.5699/lb., up nearly 3 cents.
The release of key economic indicators towards
the end of the week , with thre US Fed set to
release a policy announcement from its 2 day
Open Market Commitee meeting , widely expected
to result in a 50 basis point interest rate cut to
1 % and an advanced estimate for US GDP in the third
quarter set to be released on Thursday are likely to
dictate the direction of the complex in the
near future.
No comments:
Post a Comment