AUG 21 THURSDAY
SHORT TERM TREND : BEARISH
LONG TERM TREND : BEARISH
S1 RS 19460 , S2 RS 19140
R1 RS 19840 , R2 RS 20060
MARKET IS EXPECTED TO MOVE SIDEWAYS.
September silver fell by 6.5 cents to close at $13.04 an ounce .
Gold futures closed modestly lower Wednesday in New York
as a stronger U.S. dollar helped ease demand for the
precious metal.
Weakness in oil prices also put pressure on gold but after
the regular trading session ended for the metal, oil prices
turned and finished higher.
For now, worries about growth outside the U.S. allowed
the dollar to rebound Wednesday, sending the euro back
toward six-month lows against the greenback and lifting
the U.S. unit against most major counterparts.
The dollar index which measures the greenback against a trade-
weighted basket of currencies, rose to 76.92 from 76.746 in
late North American trading Tuesday.
Oil futures fell during much of Wednesday session, then closed with
a 45-cent gain. The Energy Department reported a bigger-than-
expected rise in crude inventories and showed a fourth-weekly
decline in gasoline inventories.
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