7 May 2008

Reported at 0730hrs SGT
GJ
Buyers seems to be back, thus supporting the WMA5 from falling below EMA100 (daily chart). Looking at the CCI, the down trend looks is weaken and may gear for another round of up.

A good breakup north is above 207.2, while a break south is at 205.4.

Support at 206.0 (EMA21) and 204.8 (EMA55)

Resistance is at 209.0 (peak), 213.9 (EMA200).

GU
Downtrend may continue to bring GU to an oversold position.
Support at 1.9635 (fib retracement) and 1.9500 (low).

Resistance at 1.9800 (EMA21) and 1.9850 (EMA100)