Patra alex 22:54 GMT August 16, 2006
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Can I please have your views regarding Crude Oil?
Thanks in advance.
Patra alex 22:23 GMT August 16, 2006
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Vienna GD 19:47 GMT August 16, 2006
Thank you. Do you see good buying opportunities at current levels for longer term or you are waiting for lower prices? to shop some more?
Vienna GD 19:47 GMT August 16, 2006
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Patra alex 17:17 ... alex, i have no clue. Actually we are range trading inn between 620 and 630.
600-620 looks like strong support ... above 630 looks like strong resistance.
With the broads rallying (only sheep and lemmlings or very smart shortterm traders buy the broads here imho) gold should have had more upside bias - so a bit bearish on gold here. Yet if the broads continue to rally also gold could go up a bit.
Next week aug 22 iran responding to UN is a key event imho.
If 620 holds until then ... da big boyz are accumulating.
hong kong seek 17:25 GMT August 16, 2006
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long small gold here 627 , will add more later...
Patra alex 17:17 GMT August 16, 2006
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Bought some Gold @ 627.7
Vienna GD and Lahore FM, can I please have your views for Gold for short and medium term?
Thank you.
london mamun 16:58 GMT August 16, 2006
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hong kong nt 16:38 GMT
We may not see this month.
i am short all the index. if snp closed bellow 1290 it will fall all the way to 1265
covered 75% gold
hong kong seek 16:57 GMT August 16, 2006
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closed at 628 off 631 ..
hong kong nt 16:38 GMT August 16, 2006
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london mamun 13:57 GMT August 16, 2006
tempting to short Dow @ 11400..
madrid mm 15:48 GMT August 16, 2006
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Plus ca change, plus c'est la meme chose .....8-(
Aug. 16 (Bloomberg) -- Iran may discuss with the European Union suspension of its nuclear activities provided the international community acknowledges its right to access atomic energy for peaceful purposes.
Click here
Vienna GD 14:40 GMT August 16, 2006
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Reminder: august 22 iran responds to UN ... 6 days left.
hong kong seek 14:17 GMT August 16, 2006
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short gold at 631 with a limit sell at 634 , stopless.
london mamun 13:57 GMT August 16, 2006
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macau nt
thanks.
remove stop add gold short 631.9
short dax 5804 stop 5833
short ftse 5895 stop 5930
add snp short 1290 stop 1297
macau nt 13:03 GMT August 16, 2006
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london mamun 12:38 GMT August 16, 2006
recent shrinking IV plus expectation of imminent breakout (up or down) make 600 Put + 640 Call a pretty safe trade..
london mamun 12:38 GMT August 16, 2006
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move stop to 631.9
add more short at 628.8
Hong Kong Qindex 11:51 GMT August 16, 2006
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Crude Oil (September) : The current expected lower trading range is 70.79 - 71.65 - 72.51 and the upper trading range is 74.24 - 75.10 - 75.96. (The neutral zone is 72.51 - 73.38 - 74.24). The daily directional indicator is 73.38 - 74.17* - (76.44). The market is under pressure when it is trading below 73.38. The distribution profile of super magnets are as follow : - (67.62) - 69.10* - 71.42 - 71.64* - (72.03) - 73.08 - 73.38 - 74.10* - 74.17* - 74.75 - (76.44) - 76.42 - 76.70* - 78.08 - 79.24* - (80.84) - (85.25). A projected supporting barrier is located at 72.03 . A projected resistant level is expected at 76.86.Â
General Comments : Projected Support at 72.03
The market is going to consolidate further between 72.44 - 74.75 for the time being. The critical level of my monthly cycle is located at 75.01 - 75.93. The market is under pressure when it is trading below 75.01. The critical level of my weekly cycle is located at 72.44 - 74.58. The market is negative when it is trading below 72.44.
madrid mm 07:58 GMT August 16, 2006
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F u t u r e s M a r k e t R e c a p
--------------------------------------------------------------------------------
PPI Numbers Lead To Dollar Sell-off
U.S. Treasury 10-year notes rose the most in a month today after the PPI report showed a slowing inflation. Core producer prices fell 0.3%, compared to a projected 0.2% increase. Although bonds rose sharply on the inflation data released today, tomorrow's consumer price index report is considered to be more important in determining the true inflationary situation. If inflation is seen to be contained in tomorrow's report, investors would be more secure in a bond move to the upside.
The dollar fell the most in over two weeks today against the yen and euro after the PPI report showed that inflation might not be a problem for the Fed. Without inflation, the Fed has no need to raise rates in the next meeting, which would hurt the dollar on the global market. Japan and Europe are both expected to raise rates before the year is out, bearish news for the dollar. The dollar has fallen 7.4% for the year against the euro and 1.5% for the year against the yen. A separate report showed an increase in foreign investments into the US, but investor action revolved around the PPI numbers. The CPI report due out tomorrow will give investors more data for wagers on a Fed increase in September.
Crude oil futures fell 0.6% to close at $73.10 after the second day of ceasefire in the Middle East eased supply concerns. Investors have been closely following the war in Lebanon since it began, afraid that an escalation could lead to Iran's involvement. Natural gas traded with fractional change.
The metals fell across the board with the energies. Gold dropped nearly 1%, silver fell 0.6% and copper dropped 0.3%. Aluminum stood out as a winner today, closing up 0.3%.
Softs traded mixed today. Cocoa was up 0.25%, coffee rose 2%, orange juice dropped fractionally and sugar rose 2.3%.
The grains traded flat to mixed today. Corn traded flat, wheat rose 0.75%, soy traded flat and oats rose 0.3%.
Meats traded mixed, with cattle down fractionally and potbellied pigs up 2.5%.
hong kong nt 05:50 GMT August 16, 2006
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hong kong seek 01:19 GMT August 16, 2006
because sellers are too mean on selling..
hong kong seek 01:19 GMT August 16, 2006
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hong kong nt 00:11 GMT August 16, 2006
Gold -- reload 40% core at 625..
why don't wait 600 ?
hong kong nt 00:11 GMT August 16, 2006
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Gold -- reload 40% core at 625..
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