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MARKET TALK: Zinc Supported At 200-Day MA, Fund Buying

Monday, Jan 29, 2007
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LME zinc last at $3,660/ton, down $20 on London PM kerb, untraded in Asia. Zinc likely to be well supported by 200-day moving average at $3,627/ton, should bounce from that level if zinc eases in London trade as funds still bullish on zinc, says Hong Kong-based trader.

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