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Tuesday, September 19, 2006

Commodities continue to flirt in Range Bound trading

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Commodities continue to Flirt in range Bound trading before FOMC.
Gold went up 588 levels, And then bounded back at 572 (Mantaining its Position to stay above 570)
Its playing range Bound for the moment, As well as Silver which went at 11.18 levels and then trading right now around 10.77.
We could expect an end to this range bound trading After FOMC meeting. Which shall open the gaps as mentioned earlier.
We shall keep sharp attention to there Statements as well.

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