-- Posted Friday, 14 March 2008 | Digg This Article | Source: GoldSeek.com

INSIGNIA CONSULTANTS
EXPECTED TRADING RANGE
COPPER AND CRUDE OIL -- EXPECTED TRADING RANGE
COPPER MAY 08   -- $372.00 - $392.00	NYMEX CRUDE OIL   - $106.50.00 - $112.50
GENERAL MARKET CONDITIONS
Next week we have Easter Vacation and the Fed meeting. The Fed will not disappoint the markets and may cut interest rates by 0.75%. Trading volumes will fall next week. However the current market situation will prevent fund managers to be lazy as the market circumstances are changing every day. Some of the investment instruments have either hit historical highs or historical lows and investors asking themselves whether to exit the highs or invest in lows. For the rest of the March the US dollar and movement of US equity markets will be the key for almost all investments.
Some of the central bankers are continuously speaking on the higher volatility and dollar depreciation but do nothing. Markets have learned to live with the comments from various central banks over the pace of the US dollars depreciation and they will not get unnerved by the same as they know that central bankers will do not anything. For the central bankers “words speak louder than actions”. It remains to be seen as what will be the tolerable level of euro and yen against the US dollar by the ECB and bank of Japan.
Gold futures finally tested $1000. $1000 is nothing but psychological. One should expect greater volatility in gold next week on position squaring and rebuilding. Base metals will be volatile as they are long term bullish and short term bearish as per the technical charts.
NICKEL – LME 3 MONTH
It is bullish over $30214 and as long as nickel holds $30214 it will target $34000 and $37000 in short term.
NYMEX CRUDE OIL --  FUTURE -- INTRA DAY PIVOT: $106.0
Crude oil fails to break $112-$114 zone by next week then it will fall back to $106 and $100.0
HAPPY PROFITABLE TRADING
Disclaimer : Any opinions as to the commentary, market information, and future direction of
prices of specific currencies, precious metals, base metals, or equity indices reflect the views
of the individual analyst, In no event shall Insignia Consultants or its employees  have any liability
for any losses incurred in connection with any decision made, action or inaction taken by any
party  in reliance upon the information provided in this material; or in any delays, inaccuracies,
errors in, or omissions of Information.

-- Posted Friday, 14 March 2008 | Digg This Article | Source: GoldSeek.com

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