13 Mar 2008

Report at 0730hrs SGT

GJ
The price refuse another breakout north. The price has been hovering between 208 and 203.5.

From daily chart,
Support is at year low ~203.5 and 203 region.
Resistance at 208.0 then 210.2

From 1 hour chat,
EMA21 to EMA200 offer resistance at 206.5

GU
It shot up another high, after clearing 2.0220 resistance.

Take a Fib retracement (from 20 Feb low to 9 Nov high).
Yesterday it tested the retracement level at 2.0261, the next level is at 2.0473, which will be the resistance for the day.

Looking at the 1 hour chart, support is at EMA21 (2.0200), EMA55 (2.0155) and EMA200 (2.0755).

CCI indicator point to another up trend today.