KEDIA DAILY REPORT AS ON22022010

Kedia Stocks and Commodities

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 Gold is ending its second strong up week at its current level of 1121$, in a move that started down at 1045$. Silver is also showing it's second strong up week at its current level of 16.36$. The metal is closing above 38.2% Fibo level at 16.27$. This is encouraging for an extension in the metal next week to the 50% Fibo of 16.76$.


 


Crude oil ended higher amid supply worries in the wake of a strike in French refineries and on geopolitical tensions over Iran's nuclear posture. Natural gas ended flat as moderating weather forecasts continued to place downward pressure on the market.

 
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