LME Inventory Data:

  • Copper  DOWN    -325
  • Zinc    UP      11175
  • Lead    UP      100
  • Nickel  DOWN    -624
  • Aluminum        UP      2050

Cancelled warrant ratio:

  • Copper  DOWN     (0.40)
  • Zinc    DOWN     (0.31)
  • Lead    DOWN     (0.02)
  • Nickel  DOWN     (0.52)

IMPACT:

Metal inventories witnessed stockpiling apart from Copper and Nickel, however the cancelled warrants have declined indicating weak spot activity and may have slight negative impact on metal prices.Overall metals may remain positive owing to increased optimism

Free Recommendation :

Sell Zinc MCX ,1 St Lot Cmp:106.20,2nd Lot at 106.80,T1:105.70,T2:105 SL above:107.5 – www.Commodity20.com

@ 18.06.12,1:31 PM

Free Recommendation Update : 

Zinc Call,Sold@ 106.20,Cmp:105.65,Target 1 Achieved,Profit:Rs.3000+ per Lot – www.Commodity20.com

@ 18.06.12,2:04 PM

Free Recommendation Update (Final) : 

Zinc Call,Sold@ 106.20,Those who are holding Positions for T2,Book Full Profit Here at Cmp:105.20,Profit:Rs.5000+ per Lot – www.Commodity20.com

@ 18.06.12,10:40 PM

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