JUNE 13 FRIDAY
SHORT TERM TREND : BEARISH :TARGET RS 23020
LONG TERM TREND : BULLISH TARGET RS 26800
PREFER SHORTS AT RS 23560 TO 23580
STOP LOSS RS 23720
TARGET RS 23260
The dollar rose as much as 1.1 percent against
the euro on speculation the Federal Reserve
will raise interest rates to damp inflation. The
dollar has climbed 2.3 percent against the euro
this week. Before today, gold gained 34 percent
in the past year as the dollar fell 14 percent
against the euro.
Silver futures for July delivery declined 46 cents,
or 2.7 percent, to $16.395 an ounce. Before today,
the price advanced 13 percent this year, while
gold climbed 5.4 percent.
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