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Friday, October 10, 2008

UPDATES ON OCT 10 2008

OCT 10 FRIDAY

SHOR TERM TREND : BULLISH

LONG TERM TREND : BEARISH

S1 RS 19640 , S2 RS 19360

R1 RS 19880 , R2 RS 20070

WAIT FOR CONFIRMATION.

December silver rose 11 cents to end at $11.88 an ounce .

Silver held steady in Asia but tracked gold

throughout the London and New york session.

It climbed from $ 11.42 to $ 12.08 in London

before sliding to $ 11.61 and consolidating at $ 11.75

in New york.

A 6.93 % slide in LME Copper should increase

downside potential today.

Primary supportis at $ 11.42 and Secondary

support is at $ 11.23 to $ 10.73.

Primary Resistence is at $ 11.81 and Secondary

Resistence is at $ 12.11.



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