12 May 2008

Reported at 1100hrs SGT
GJ
Looking at the daily chart, CCI though did not go into a oversold, but clearly there was a sign od reversal. Gradient of the CCI has weakened, therefore showing signs of a reversal.

Support is at 200.0, looking at how on last Friday and this morning the low were.

Resistance is at 202 (Fib retracement 9 May low and 2 May high), then 203.3 (Fib retracement) then 204.4 (EMA21, EMA55)