Thursday, May 22, 2008
UPDATES
MAY 22 THURSDAY
SHORT TERM TREND : SIDEWAYS : TARGET RS 348 TO 353
LONG TERM TREND : BULLISH ; TARGET RS 370
S1 RS 350 , S2 RS 347 , S3 RS 345.90
R1 RS 354.10, R2 RS 355.20. R3 RS 358.20
PIVOT RS 351.10
Copper futures closed a percent down to $ 8240 FROM A HIGH OF $ 8330.
The fall in Copper was due to 2300 Tonne rise in LME inventory level.
SHORT TERM TREND : SIDEWAYS : TARGET RS 348 TO 353
LONG TERM TREND : BULLISH ; TARGET RS 370
S1 RS 350 , S2 RS 347 , S3 RS 345.90
R1 RS 354.10, R2 RS 355.20. R3 RS 358.20
PIVOT RS 351.10
Copper futures closed a percent down to $ 8240 FROM A HIGH OF $ 8330.
The fall in Copper was due to 2300 Tonne rise in LME inventory level.
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