NOV 4 TUESDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 55.60 , S2 RS 54

R1 RS 58.30 , R2 RS 60.10

STAY SHORT AT RESISTENCE.

Zinc was at $1,170 from $1,125 a tonne.

Stocks are growing due to global demand.

Global economic slow down keeps current prices

under pressure even when the global zinc usage

should increase by 3.3 % in 2008.

Inventories in Lond0n increase as Chinese output

strengthens.

Global zinc production together with poor demand

add to current inventory levels.

If supply and stocks gain again price may loosen

further in a slower pace.

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