OCT 1 WEDNESDAY
SHORT TERM TREND : BEARISH
LONG TERM TREND : BULLISH
S1 RS 19920 , R2 RS 19760
R1 RS 20280 , R2 RS 20430
STAY SHORT AT RESISTENCE.
Silver for immediate delivery was up 0.9 percent at $12.14 an ounce.
Gold rose in Asia as the dollar's rally against the euro
stalled and crude oil advanced on speculation the U.S. Senate
will approve a $700 billion bank rescue plan later today to
revive credit markets.
Silver was range bound trading between $ 13.32 to $ 13.02
in Asia before sliding to $ 12.70 in London.
The metal gained support in New York rising to $ 13.37 before
falling to $ 13.
Support is at $ 12.72 with $ 12.37 and $ 11.70 as possibilities.
Primary resistence is at $ 13.39 and secondary resistence at
$ 13.72.
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