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Commodities

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12 replies to this topic

#1
Ahir

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    Salam,
    Tezi mandee has not yet covered an important cluster of investors who invest in commodities for example gold, silver, cotton etc.


    #2
    Ahir

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    Gold in Depressed mood





    If $920 is not honoured on closing basis then Gold still has tendancy to move down till $844. the same is also evident on weekly chart of 28 March 2008 the 61.8% Fib Retracement on daily chart is near the 38.2% Fib-Retracement level on weekly chart.

    Neutral to Negative

    Support 1 - $917, ---> 38.2 % Fib Retracement
    Support 2 - $880, ---> 50 % Fib Retracement
    Support 3 - $844, ---> 61.8 % Fib Retracement

    #3
    Ahir

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    It is obvious that the Monday's Gold market will be volatile. 38.2% Fib-Retracement ($917) is the resistance, Market is not in decisive tune. The pull back seems to be a technical pullback.
    I am still anticipating atleast $844 to $855.
    Monday's closing seems to be very important.

    Support 1 - $880, ---> 50 % Fib Retracement
    Support 2 - $844, ---> 61.8 % Fib Retracement
    Support 3 - $800

    I will like to buy some on its rebound on or near $800.

    #4
    alam

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    QUOTE (Ahir @ Apr 6 2008, 02:34 AM) <{POST_SNAPBACK}>
    I will like to buy some on its rebound on or near $800.


    from where

    #5
    Mudassir

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    QUOTE (alam @ Apr 6 2008, 11:07 AM) <{POST_SNAPBACK}>
    from where

    u can trade in gold through national commodity exchange

    http://www.ncel.com.pk/

    Mudassir Javed Khan


    #6
    Ahir

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    QUOTE (alam @ Apr 6 2008, 11:07 AM) <{POST_SNAPBACK}>
    from where


    Exactly from www.ncel.com.pk.

    Now we have the market to trade commodities. smile.gif

    Regards,
    Irshad Ahmed






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