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Wednesday, September 23, 2009
CLOSING COMMENTARY FOR SEPT 23 WEDNESDAY
Copper prices trading zig zag with negative bias.
Selling coming at every rise holding prices at lower
levels. Prices open high and came down sharply till
its strng sup of 294. Prices seems weak below 294 on
closing basis and could test 290 lvels. Any ways 294
- 295 levels could be watched as buying could come
around those levels...Again we may have bullish trend
towards 305 - 310 if sustains above 294.
Copper prices trading zig zag with negative bias.
Selling coming at every rise holding prices at lower
levels. Prices open high and came down sharply till
its strng sup of 294. Prices seems weak below 294 on
closing basis and could test 290 lvels. Any ways 294
- 295 levels could be watched as buying could come
around those levels...Again we may have bullish trend
towards 305 - 310 if sustains above 294.
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