NOV 17 MONDAY
SHORT TERM TREND : SIDEWAYS
LONG TERM TREND : BEARISH
S1 RS 64.60 , S2 RS 63.30
R1 RS 67 , R2 RS 69.20
Lead rose $1 to $1,340 .
A strong recovery by Wall street in the late trading
hours and the positive opening in the Asian and
European markets are pushing up metal prices today.
Demand deterioration following lowering of global
growth expectation remain the central theme of
the base metal complex.
This is having a disastrous effect on base metals
with prices at muti year lows.
Short selling is seen in base metal market which
has generated some rallies but these are unlikely
to sustain.
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