Sharekhan Commodities Buzz dated February 14, 2007

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Sunil

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Feb 14, 2007, 4:45:30 AM2/14/07
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Commodities Buzz
[February 14, 2007] Please see the attachment for details		 Share khan
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Summary of Contents
 
COMMODITIES BUZZ

Copper: Sharply up on positive economic data

After Monday's sell-off, copper witnessed good support from Asia despite the continuously lower drifting crude oil that could have triggered another bout of selling. However, a spate of news and data with most of them being positive for copper perked up the sentiments and the red metal made a run towards $5,800. Copper closed near the day's high at $5,749. Crude oil did a U-turn when the International Energy Agency revised upward its 2007 world oil demand estimate due to the growth in China and the Middle East.
Regards,
The Sharekhan Research Team 		myac...@sharekhan.com



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