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Tuesday, January 20, 2009

UPDATES ON JAN 20 2009

JAN 20 TUESDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 18150 , S2 RS 18030 , S3 RS 17920

R1 RS 18340 , R2 RS 18510 , R3 RS 18680

STAY SHORT FOR INTRA DAY.

Silver declined 0.7 percent to $11.1925 an ounce.

Silver initially traded in the range of $ 10.60 to

$ 10.70 .

Once it broke $ 10.70 , it closed at $ 11.72.

Primary support is at $ 10.81 and secondary support

is at $ 10.34.

Primary resistence is at $ 10.52 and then at $ 10.77.

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