JULY 24 THURSDAY
SHORT TERM TREND : BEARISH : TARGET RS 23860
LONG TERM TREND : BULLISH : TARGET RS 29000
S1 RS 24280, S2 RS 24040, S3 RS 23860
R1 RS 24630, R2 RS 24810, R3 RS 25020
PREFER SHORTS AT RS 24630 TO 24650
STOP LOSS RS 24810
TARGET RS 24280
Spot silver tracked gold lower to $17.31/17.39 an ounce,
against $18.00/18.08 late in New York on Tuesday.
Gold dove over 3 percent on Wednesday as the dollar
surged and crude oil prices sank, denting the precious
metal's alternative investment appeal.
Oil prices fell below $125 a barrel, soothing some of
the inflation fears that have supported gold, while
other commodities such as grains and base metals
also slipped.
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