18 Apr 2008

It has been sometime that I have reported. Busy with an engineering project.

Reported at 0800hrs SGT
GJ
It made a big move yesterday. But looking at the daily chart, the price shot passed EMA55 heading towards EMA100, but the WMA5 has just crossed EMA21! It may not cross EMA55 today. What this means is that the price does not have the potential to hit EMA100 before a rebound occur.

Resistance is at EMA100 (daily chart) at 206.8. Support at 202.2 near EMA55.

GU
This pair made big moved up.
Daily chart CCI showed movement up before getting into an overbought position.

Clearly at the daily chart, EMA200 will post as a resistance at 1.9950, than 2.0000
Support at 1.9760, 1 hour chart EMA200.