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Thursday, November 09, 2006

Marker choppy after US Figures

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Market reacted little choppy after the US Figures which were out, favoring support for USD, Market focuses for Wholesale Inventories and U.of Michigan Confidence.
Precious Metal rallies off as NY opens, emerging new buying Pressure. If Market closes Above 627 level, we could see the Next Push upwards again.
However, our Main focus still remains on reaction towards USD and Crude Oil Movement, technically gold is much better, and gradually consolidating, forming another Upward Channel.

Await for the Upcoming Economic Indicator at 15:00 GMT

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