JULY 11 FRIDAY
SHORT TERM TREND : BULLISH : TARGET RS 25960
LONG TERM TREND: BULLISH : TARGET RS 27300
S1 RS 25540, S2 RS 25380, S3 RS 25160
R1 RS 25740, R2 RS 25960, R3 RS 26180.
Silver traded little changed at $18.2900 an ounce.
Signs of a weakening U.S. economy may deter
the Federal Reserve from increasing borrowing
costs this year, diminishing the allure of dollar-
denominated assets. The dollar traded at $1.5789
against euro at 9:31 a.m. in Singapore.
The dollar is also under pressure as a report today may
show U.S. consumer confidence fell to the lowest level in
28 years, adding to concern the economic slowdown will
be prolonged. Crude oil in New York traded at $141.61 a
barrel at 9:33 a.m. in Singapore.
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