AUG 14 THURSDAY
SHORT TERM TREND : BULLISH : TARGET RS 21880
LONG TERM TREND : BULLISH : TARGET RS 26000
S1 RS 21360, S2 RS 21120, S3 RS 20860
R1 RS 21670, R2 RS 21880 , R3 RS 22060
PREFER INTRA DAY LONG AT RS 21360 TO 21340
STOP LOSS RS 21120
TARGET RS 21670
September silver up 36 cents to close at $14.845 an ounce.
Gold futures closed with a gain of almost $17 an ounce Wednesday,
regaining some ground after shedding nearly 12% in value during
an eight-session losing streak.
Gold for December delivery gained $16.90 to close at $831.50
an ounce on the New York Mercantile Exchange.
The U.S. dollar hit the highest since at least March vs. the euro
and other major currencies Wednesday after a report showed
U.S. retail sales fell less than forecast in July.
The Commerce Department said purchases at retailers declined
0.1% last month. Economists surveyed by MarketWatch expected
sales to fall 0.3%. Excluding automobiles, sales rose 0.4%
last month.
Crude prices climbed to a high above $117 per barrel Wednesday,
supported by declines in petroleum supplies.
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