Thursday, July 24, 2008
UPDATES ON JULY 24 2008
JULY 24 THURSDAY
SHORT TERM TREND : SIDEWAYS : TARGET RS 78 TO 83
LONG TERM TREND : BEARISH : TARGET RS 68
S1 RS 79.50, S2 RS 78, S3 RS 76.60
R1 RS 81.80, R2 RS 83.40, R3 RS 85
MARKET IS EXPECTED TO MOVE SIDEWAYS.
Zinc rose the most in more than a week.
A stronger U.S. currency discourages holders of other
monies to buy dollar-denominated commodities, which
become more expensive to them.
Zinc rose as much as $70, or 3.8 percent, to $1,915 a ton,
the biggest intraday gain since July 11.
SHORT TERM TREND : SIDEWAYS : TARGET RS 78 TO 83
LONG TERM TREND : BEARISH : TARGET RS 68
S1 RS 79.50, S2 RS 78, S3 RS 76.60
R1 RS 81.80, R2 RS 83.40, R3 RS 85
MARKET IS EXPECTED TO MOVE SIDEWAYS.
Zinc rose the most in more than a week.
A stronger U.S. currency discourages holders of other
monies to buy dollar-denominated commodities, which
become more expensive to them.
Zinc rose as much as $70, or 3.8 percent, to $1,915 a ton,
the biggest intraday gain since July 11.
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