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Wednesday, November 5, 2008
UPDATES ON NOV 5 2008
NOV 5 WEDNESDAY SHORT TERM TREND : SIDEWAYS LONG TERM TREND : BEARISH S1 RS 57.10 , S2 RS 55.60 R1 RS 59.40 , R2 RS 62 STAY LONG FOR INTRA DAY Zinc dropped 2.3 percent to $1,210 as of 10:45 a.m. in Singapore. Zinc closed up but physical inventories in London and China is still high.Small producers have cut output but this is not enough to offset weak auto sales.
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