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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8936
Posted: Feb 22, 2010 5:00
Comments: 8936
Forum Topic:
Gold, Oil & Indices (Equity & Bond Indices)
Discuss Gold, Oil & Indices (Equity & Bond Indices)
"Aussies leadership is also boosted by the prolonged strength in energy and metals as the Federal Reserve opens the door for the possibility of renewed asset purchases (quantitative easing). QE is becoming synonymous with rallying commodities as was the case in Q1-Q3 2009."
I also explained this in todays Video Market Analysis
http://bit.ly/cwG0W5
Ashraf
Resistance: - 1192.50(main), where a correction may happen. Break would bring 1198.13, where a correction may also happen. Then follows 1203.80. Be there a strong impulse, wed see 1215.00. Continuation would bring 122263.
Resistance: - 1170.00 and 1182.30(main), where a correction may happen. Break would bring 1198.13, where a correction may also happen. Then follows 1203.80. Be there a strong impulse, wed see 1215.00. Continuation would bring 122263.
Ashraf
Asad