Iomega Corporation

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Thursday, September 21, 2006

Commodities Pushing High

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Commodities Shall be pushing higher. As Due to dollar weakness and Crude Oil pushing up a little, helping the commodities
The low prices currently Emerging interests of Jewellers in Asian Countries, to heavily buy at current levels, to compile Heavy Stocks for the sale for next month, when the Festival starts emerging.
As we mentioned last week, clearance of FOMC, shall help many other things to find perfect direction,
EUR/USD doing a good Job, and we aim for 1.30 very soon
USD/JPY came all the way from 118 rigt now 116.26 levels, We aim for 114 in 1 month time.

Gold Technically Developing its new Triangle, As we mentioned few days back regarding 570, Which is a very heavy Level, crossing that If a Suprise emerges, We could meet 543 again, However for the moment, its Unlikely, ANd we are seeing gradual Push upwards, with the help of other Instruments, which in result helps the Commodities Market.

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