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Tuesday, June 24, 2008

UPDATES ON JUNE 24 2008

JUNE 24 TUESDAY

SHORT TERM TREND : SIDEWAYS : TARGET RS 23060 TO 24120

LONG TERM TREND : BULLISH : TARGET RS 26800

S1 RS 23560, S2 RS 23380 , S3 RS 23060

R1 RS 23870, R2 RS 24010, R3 RS 25120

PRICES ARE EXPECTED TO MOVE SIDEWAYS TO LOWER

WAIT FOR RESISTENCE FOR FRESH SHORT

Gold, Silver Slide As Dollar Climbs

Gold and silver futures fell sharply Monday, hurt

by the U.S. dollar's strength and an early day decline

in crude oil prices, traders and analysts said.

There were reports of one large seller early in

the day - perhaps a fund - when most of the

tumble was occurring.

July silver fell 60.7 cents to $16.79.

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