Tuesday, February 26, 2008

26 Feb 2008

GJ Hi 212.91
Lo 212.23

Resistance ~213.0 (Daily Chart EMA55)
Support 212.13 (1 hour chart EMA21)

Should GU break ~213.0, the next level it will attempt is 217 (daily chart EMA100)
Going down look to face more resistance - from the 1 hour chart EMA21 at 212.13, EMA55 at 211.60, EMA100 at 211.3 and EMA200 at 211.0.

GU consolidated between EMA21 and EMA55 (daily chart).
CCI indicator shows signs of weakening.

The breakout price is at 1.974 for going north, and 1.958 for going south.

The level of resistance at 1.985 (daily chart EMA 100) and support at ~1.940 (where 3 bottoms from the daily chart holds)

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