Monday, 17 October 2011

LME INVENTORY UPDATE:

LME Warehouse Data         
  
Copper  +  1450
Zinc        -1700
Lead        Unchanged
Nickel    - 552
Aluminum      +8825


Stocks have increased for copper and aluminium along with decline in cancelled warrant ratio and thereby slight negative for prices. However equities continue to remain strong along with marginal change in dollar index thereby overall prices would remain on the higher side. Technically also the trend is still bullish.

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