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Thursday, September 14, 2006

A Huge DIP in Commodities on Thursday

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We saw a Huge Drop in Gold on Thursday, And it touch 574 levels, As we Targeted Earlier, However the trading Session in Asia was Much more appealing then in NY.
It appears 574 is the Boundary of the range Bound trading, And as mentioned earlier we could expect it till Friday.
However USD maintained weakness on the boards, Considerably a huge dip in Commodities today.
Few Heavy Datas coming up today, Which shall Effect the Commodities in return and towards USD.
We keep a Tight Eye on Gold and Silver at present.
Next week shall be an Appealing time to trade, where FOMC meeting comes in, And clears the Path.

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