10 Mar 2008

Reported at SGT 1200hrs

GJ
It has been consolidating for the last days, after bouncing off the year low support at 204/204.

A good breakout north will give GJ a hit towards EMA55 (daily chart) at 210.5.
On the other hand, shoulg GJ break the support at 203, iGJ will make new low at 200.

Looking at the 1 hour chart, it confrim the consolidation, with all the EMAs close to each other. A good price for break out is above EMA200 at 206.86 and at 206.1 (below EMA21)

GU
Looking at the daily chart, CCI indicate a reversal down.
After the recent days of climb, GU may take a breather.

Loking at the 1 hour chart, EMA21 offers the first support at 2.0165 and EMA55 offers support at 2.0137.

Of course on the upper side, GU has the potential to reach 2.0300