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Thursday, August 27, 2009

CLOSING COMMENTARY FOR AUG 27 THURSDAY 10.30 PM IST

Copper prices trading range bound with high volatile.

Prices trading between 306 - 310 levels for almost a

week. No clear trend seen unless it close below or

above either side. Today copper managed to break the

strong sup of 306 - 305.50 but unable to hold as buying

comes in.

Overall range bound and trend decider is 306 and 312.

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