26 Mar 2008

Report at 0730hrs SGT
GJ
GJ hit EMA21 at 200.9, from the daily chart.

It may ir may not have the momentum to punch through - looking at the small candle formation and the tapering of CCI from the daily chart.

Should it go up, it can sustain the movement to EMA55 (daily chart) at 205.45, shich is also a good Fib retracement level.

However, a retracement down is also possible, bring the support at 195.7 (half way mark before low)

GU
The uptrend continue and it manage to clear through EMA200 (daily chart) at 1.997 and the 2.000 mark.

A short retracement to EMA21 (1 Hour chart) at 1.9978, before and should any momentum, to continue hitting the price of 2.0145 (a Fib retracement line taking from 20 mar low to 14 mar high)

Another support is at 1.992 EMA200 (1 hour chart)
Support