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Monday, October 19, 2009
CLOSING COMMENTARY FOR OCT 19 MONDAY
Copper prices zoomed after a long time trading
nearly 4% in MCX. Prices with open low broken all
the key res levels of 292 - 293 then 295 - 298 levels.
Prices looks turning back again if closes above the
strong level of 298. Prices now could target 304
levels shortly. Ovearll now breaking all res levels
and shooting up.
Strong sup seen at 298 levels
Copper prices zoomed after a long time trading
nearly 4% in MCX. Prices with open low broken all
the key res levels of 292 - 293 then 295 - 298 levels.
Prices looks turning back again if closes above the
strong level of 298. Prices now could target 304
levels shortly. Ovearll now breaking all res levels
and shooting up.
Strong sup seen at 298 levels
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