Monday, September 22, 2008
UPDATES ON SEPT 22 2008
SEPT 22 MONDAY
SHORT TERM TREND : SIDEWAYS
LONG TERM TREND : BULLISH
S1 RS 315 , S2 RS 310
R1 RS 321 , R2 RS 326
WAIT FOR CONFIRMATION.
Copper managed to gain 4.6 % to $ 7085 / tonne
despite increase in LME and Shanghai inventories.
Demand concerns continue to haunt the market.
Slow down in major economies is pressuring
prices.
SHORT TERM TREND : SIDEWAYS
LONG TERM TREND : BULLISH
S1 RS 315 , S2 RS 310
R1 RS 321 , R2 RS 326
WAIT FOR CONFIRMATION.
Copper managed to gain 4.6 % to $ 7085 / tonne
despite increase in LME and Shanghai inventories.
Demand concerns continue to haunt the market.
Slow down in major economies is pressuring
prices.
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