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Monday, October 13, 2008

UPDATES ON OCT 13 2008

OCT 13 MONDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 18310 , S2 RS 17980

R1 RS 18540 , R2 RS 18890

WAIT FOR CONFIRMATION.

Sllver held steady in the Londoan and Asian

ranging between $ 11.82 and $ 11.50 before

settling at 4 11.65.

Fund buying support pushed prices higher in the

New York session to $ 11.98 before settling at $ 11.82.

Silver rallied to $ 12.10 in the after market and $ 12.31

over night.

Primary Support is at $ 11.67 and secondary support

is at $ 11.26 to $ 10.53.

Primary Resistence is at $ 12.40 and Secondary Resistence

is at $ 12.72.








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