JUNE 11 WEDNESDAY
SHORT TERM TREND : BEARISH TARGET RS 22860
LONG TERM TREND :BULLISH : TARGET RS 26800
S1 RS 23220, S2 RS 23040, S3 RS 22860
R1 RS 24560, R2 RS 24720, R3 RS 24880
PREFER SHORTS AT RS 23660 TO 23680
STOP LOSS RS 23920
TARGET RS 23220
The dollar rose Tuesday, buoyed by Federal Reserve
Chairman Ben Bernanke's comments in a speech late
Monday on the need to hold down inflation expectations.
Dollar-supportive rhetoric rose several decibels
overnight as U.S. officials once again signaled that a
floor needs to be put in place for the beleaguered
currency and that they have laid out an arsenal of
tools designed not only to achieve that goal, but
also to get the dollar to strengthen from current levels,"
said Jon Nadler, senior analyst at Kitco Bullion Dealers,
in a note.
Also on the Nymex, July silver fell 57 cents to end at
$16.64 an ounce .
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