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Tuesday, February 23, 2010

MRKT ALERT 7.30 PM

Metals Update - Ths US dollar rallied higher sharply this afternoon reversing earlier losses as also very poor German Confidence data which slipped to a 11 month low caused a sharp decline in all base metals. Could expect further strengthing of US dollar. Copper Updates - Best stratergy could be sell on rises upto 336 with sl above 340 and target 332/330/328.

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