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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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