AUG 13 WEDNESDAY
SHORT TERM TREND : BEARISH : TARGET RS 20260
LONG TERM TREND : BULLISH : TARGET RS 29000
S1 RS 20630, S2 RS 20480, S3 RS 20240
R1 RS 21060, R2 RS 21210, R3 RS 21460
September silver fell 13.5 cents to close at $14.485 an ounce.
Gold futures have suffered a drop of more than $100 per ounce
since July 31, extending their losing streak Tuesday to eight
sessions in a row on the heels of a broader decline in the
commodities market.
Gold for December delivery fell $13.70 to close at $814.60 an ounce
on the New York Mercantile Exchange.
Prices for oil fell to a low of $112.40 per barrel on Nymex Tuesday.
Russian President Dmitry Medvedev has ordered an end to
military operations in Georgia.
And separate reports from the Paris-based International Energy
Agency and the U.S. Energy Information Administration, released
Tuesday, signal a slowdown in global oil demand.
In foreign-exchange trading, the dollar declined Tuesday, pulling back
after a week of rapid gains against the euro and other currencies.
The dollar index , which measures the greenback against a basket of
currencies, fell to 76.14 from 76.21 in North American
trading late Monday.
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