Thursday, October 2, 2008
UPDATES ON OCT 2 THURSDAY
OCT 2 THURSDAY
Three month Zinc was bid at $ 1675 MT at 0900 GMT
down $ 8 from the previous close.
Workers at Xstrata's Kidd Operations in North Ontario
are set to strike after contract talk broke off on Monday.
Kidds Facilities produces 138000 tonnes of Zinc.
Zinc has support at $ 1700 and Resistence at $ 1900.
Analyst feel another close below $ 1700 today could
prove negative as it would suggest a retest of the recent
lows of $ 1600.
Three month Zinc was bid at $ 1675 MT at 0900 GMT
down $ 8 from the previous close.
Workers at Xstrata's Kidd Operations in North Ontario
are set to strike after contract talk broke off on Monday.
Kidds Facilities produces 138000 tonnes of Zinc.
Zinc has support at $ 1700 and Resistence at $ 1900.
Analyst feel another close below $ 1700 today could
prove negative as it would suggest a retest of the recent
lows of $ 1600.
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