Monday, January 5, 2009
UPDATES ON JAN 5 2009
JAN 5 MONDAY
SHORT TERM TREND : BULLISH
LONG TERM TREND : BULLISH
S1 RS 60.40 , S2 RS 59 , S3 RS 57.60
R1 RS 63 , R2 RS 65 , R3 RS 66.80
STAY LONG AT SUPPORT.
Copper and zinc futures jumped by the daily limit in
Shanghai, tracking moves in London, on speculation
index funds will buy more industrial metals this month
to reflect annual re-weightings of the benchmarks they
follow.
Zinc in Shanghai also surged the 6 percent daily limit to
10,550 yuan a ton.
SHORT TERM TREND : BULLISH
LONG TERM TREND : BULLISH
S1 RS 60.40 , S2 RS 59 , S3 RS 57.60
R1 RS 63 , R2 RS 65 , R3 RS 66.80
STAY LONG AT SUPPORT.
Copper and zinc futures jumped by the daily limit in
Shanghai, tracking moves in London, on speculation
index funds will buy more industrial metals this month
to reflect annual re-weightings of the benchmarks they
follow.
Zinc in Shanghai also surged the 6 percent daily limit to
10,550 yuan a ton.
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