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Wednesday, October 8, 2008

UPDATES ON OCT 8 2008

OCT 8 WEDNESDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 77.80 , S2 RS 76.40

R1 RS 80.60 , R2 RS 82.40

Lead gained $ 26 to be bid at $ 41656 MT at 0910 GMT.

But the chart still looks weak and it could revisit

the $ 1530 July lows.

Lead and Tin were the only metals in the complex

that did not hit a fresh 2009 lows yesterday.

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