Thursday, October 23, 2008
UPDATES ON OCT 23 2008
OCT 23 THURSDAY
Another day , another step towards recession with
slipping prices on the London Metal Exchange 's
base metal complex mirroring a further dip in sentiment
across markets.
Zinc was bid down $ 27 from Tuesdays close at $ 1140/MT.
Zinc has support at $ 1000 and Resistence at $ 1300.
Zinc is at $ 1155 and has taken out last weeks
low.At this stage a test of $ 1000 seems to be in the
cards.
Another day , another step towards recession with
slipping prices on the London Metal Exchange 's
base metal complex mirroring a further dip in sentiment
across markets.
Zinc was bid down $ 27 from Tuesdays close at $ 1140/MT.
Zinc has support at $ 1000 and Resistence at $ 1300.
Zinc is at $ 1155 and has taken out last weeks
low.At this stage a test of $ 1000 seems to be in the
cards.
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