AUG 19 TUESDAY
SHORT TERM TREND : SIDEWAYS
LONG TERM TREND : BEARISH
S1 RS 19640, S2 RS 19360
R1 RS 20030 , R2 RS 20360
Silver leads the gains among other metals; analyst
sees prices bottoming out.
Silver futures rose 2.9% Monday after tumbling 10% in the
previous session.
The U.S. dollar drifted lower against major rivals on Monday.
U.S. home builders were as gloomy in August as they've
ever been about the housing market, but saw some reason
to hope that the recent housing relief bill could help, the
National Association of Home Builders said Monday.
Meanwhile, crude-oil futures closed lower, pulling back
from a high above $115 a barrel as concerns over
potential supply disruptions from Tropical Storm
Fay remained, but eased.
September silver futures rose 28.5 cents, or 2.2%, to close
at $13.10 an ounce. On Friday, silver futures dropped
9.9% for the day and lost 16.4% for the week.
No comments:
Post a Comment