Wednesday, October 8, 2008
UPDATES ON OCT 8 2008
OCT 8 WEDNESDAY
SHORT TERM TREND : SIDEWAYS
LONG TERM TREND : BEARISH
S1 RS 74 , S2 RS 72.60
R1 RS 75.80 , R2 RS 77.30
Zinc edged down $ 4 to $ 1540.
The prices have virtually halved from a peak of
$ 2900 MT in March.Analyst feel the market could still
have a downside potential.
The potential downside could be up to $ 1330 mt and
potentially $ 1250 mt if cut backs did not emerge
quickly enough.
SHORT TERM TREND : SIDEWAYS
LONG TERM TREND : BEARISH
S1 RS 74 , S2 RS 72.60
R1 RS 75.80 , R2 RS 77.30
Zinc edged down $ 4 to $ 1540.
The prices have virtually halved from a peak of
$ 2900 MT in March.Analyst feel the market could still
have a downside potential.
The potential downside could be up to $ 1330 mt and
potentially $ 1250 mt if cut backs did not emerge
quickly enough.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment