Iomega Corporation

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Wednesday, August 23, 2006

Morning Update : Precious Metals

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Today Asian Morning, We saw Asian players bringing the price back to Support lane Boundaries.
We saw a nice double bottom at the support, Gaining nice Technical Support at such levels.

London Morning, giving a nice push to Gold, EUR/USD

As we mentioned yesterday , RE: TODAY, we could see some push.

However, Its Technically Speaking, not Fundamental, And due to yesterday Iran report, they mentioned they would like to Talk,.

Now, traders could feel some kind of easing for short term, However, some traders wont take that report much heavily, than the one on 31st this month.

Crude Oil in Asia Morning did a little drop, due to same above reasons, which in result gave Gold and Silver to bounce back to its Support lanes.

A Solid Push Emerging as we speak. And if Such push remains in NY Morning time, We feel 630 Level shall be touched and crossed.

Remember, Book Profit Quick, then rather waiting for Losses :)

We shall Advice further.

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