Iomega Corporation

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Monday, September 25, 2006

Precious Metals in Lead, Crude Oil Stands above $60

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We look for 597 levels to be cleared, for opening a good channel upwards.
The current momentum is Bullish Overall.
EveryDay Closing is forming a Bullish Panel, And as we see Around every 2-3 days we are seeing $10 up or down, last week we were around 575 levels, today we stand above 585 , currently gold at 590+
Crude Oil Positioned itself above $60 before closing today.
EUR/USD had a slam down, due to Existing Home Sales data.
We still eye for 1.30 in 1 month period time, USD/JPY plays in tight range of 116 - 117, Eyes at 114 in a month.
Overall the Position of the Precious Metals Stands Satisfactory, and we shall see slight increase soon. Any Suprise downfall crossing 575 (mini support) , 570 (Heavy Support) shall change the whole picture, leading it to have a high fall towards its Previous 200 MA, where it reversed at 541 - 543 levels.

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