DEC 31 WEDNESDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 54 , S2 RS 53 , S3 RS 51.40

R1 RS 57 , R2 RS 58.60 , R3 RS 60.30

WAIT FOR CONFIRMATION.

Zinc declined $11 to $1,125 a ton, taking this year’s

drop to 53 percent.

Zinc’s outlook “remains bleak” for the next 12 months.

With all the major zinc consuming industries like car

manufacturing and construction suffering the worst

decline in many decades, zinc prices are unlikely to

show much vigor until the second half of 2009, if

not 2010 .