Sharekhan Commodities Buzz dated February 07, 2007

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Sunil

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Feb 7, 2007, 1:22:34 AM2/7/07
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Commodities Buzz
[February 07, 2007] Please see the attachment for details
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Summary of Contents
 
COMMODITIES BUZZ

Copper: $5,500 level gained amid falling stocks

Copper staged a spectacular comeback by gaining the significant levels of $5,430 and $5,500 yesterday on the third consecutive day of falling LME stocks. The red metal and zinc were the top performers of the complex. Copper was helped by the firm crude oil prices (day's high $59.99) and the rising euro. The stock flow showed the usual two way pattern as the Asian warehouses had a net outflow and the European and US warehouses recorded net inflows.
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The Sharekhan Research Team
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Commodities Buzz-Feb07.pdf
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