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Thursday, July 10, 2008

UPDATES ON JULY 10 2008

JULY 10 THURDAY

SHORT TERM TREND : SIDEWAYS: TARGET RS 25230 TO 25870

LONG TERM TREND : BULLISH: TARGET 27300

S1 RS 25230, S2 RS 25020, S3 RS 24860

R1 RS 25680, R2 RS 25870,R3 RS 26130

MARKET IS EXPECTED TO MOVE SIDEWAYS

September silver gained 22 cents to $18.18 an ounce.

Iran test fired nine missiles earlier Wednesday, including

a new version of the Shahab-3, which is capable of reaching

its main regional enemy Israel, the BBC reported.

Iran and Israel have engaged in back-and-forth

saber-rattling growing out of Tehran's controversial

plans for developing nuclear power.

Crude for August delivery ended just 1 cent higher

at $136.05 a barrel on the New York Mercantile

Exchange.

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