AUG 5 TUESDAY
SHORT TERM TREND : BEARISH : TARGET RS 23660
LONG TERM TREND : BULLISH : TARGET RS 29000
S1 RS 23840, S2 RS 23670, S3 RS 23430
R1 RS 24160, R2 RS 24330,R3 RS 24475
PREFER SHORT AT RS 24160 TO 24180
STOP LOSS RS 24330
TARGET RS 23860
September silver fell 38 cents, or 2.2%, to close at $17.14 an ounce.
Gold for December delivery dropped $9.60 to close at $907.90
an ounce on the New York Mercantile Exchange after trading
as low as $903. The contract hasn't seen levels this low since
June 25.
Crude for September delivery tumbled $3.80 to $121.30 a barrel
on the Nymex amid worries about the U.S. economy and demand
for oil.
The U.S. dollar edged higher against most other major currencies,
but remained in recent narrow ranges as investors await this
week's interest-rate decisions from the Federal Reserve, the
Bank of England and the European Central Bank.
The Fed is broadly expected to keep its key lending rate
unchanged at 2% on Tuesday.
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