27 Jun 2008

Reported at 0930hrs SGT

GY

Stubbornly, the rebound off 214, thus forming a doji, which again fail to show indicative direction for today (esp so its Friday).

Trading will be contain withing 214 and 211.6 (EMA200). This two thus mark the level for any breakout.

The 1 hour chart showed a further squeeze between 212 and 212.8

GU
It did a long shot towards EMA200, and will the momentum continue? Looking at the daily chart, WMA5 has not cross EMA200 and sandwich between EMA200 and EMA100. CCI show a soon to go into a oversold position, meaning a slow down in momentum.

Support is at EMA200 (daily) 1.9840, which is also EMA21 (hour). A rebound off this support will give GU the momentum to try for 2.0000

26 Jun 2008

Reported at 0730hrs SGT

GY

Is it really going to get stuck at 213.3? Or will it be able to break free from 214?

Looking at the daily, EMA21 is closing in, meaning that together with EMA200, it will form a tougher support at 211.6 and 210.8 region. Moreover CCI showed good reversal and provided BB do a breakout.

Will it go up? Compare GY with UY (resisted at 108.5 region). FTSE100 was a whip-saw yesterday and Fed again announced that rates will not be going up amid inflation with crude rebounce back to $137 - a really mix direction.

But if there is going to be a breakout, it will be strong - a big fat candle, only which direction.

24 Jun 2008

Reported at 0730hrs SGT

GY

Stubbornly, GY showed no breakout but held to the support at EMA200.As EMA21 and EMA200 closes in to less than 25 pips, and the BB has been squeezed for the last days.

The hour chart showed a support EMA200, pending which support or breakthrough determines the trend.

Peak 19 Jun at 213.3 offer the first resistance, well EMA21 at 210.3 offer the firs support. The rest of the resistance and support is the same analysis as yesterday.

23 Jun 2008

Reported at 0830hrs SGT

GY

Will there be momentum for GY to go higher than 213.3 or was that a formation of a double top?

Looking at the CCI, the BB looks like a squeeze and the trend look down. Plotting the Fib Retracement from 19 Jun Peak and 3 Jun Low, we can see that the support is at 211 near EMA200 and 209.7 near EMA21.

Of course, if a break out north occur, the resistance will be at 213.3, then 214, before hitting 216.

The hour chart shows support at EMA100 and EMA200, suggesting that should WMA5 does not punch clear these lines, going up is also possible.

19 Jun 2008

Reported at 1200hrs SGT
GY
It seemed that WMA5 has failed to punch through EMA200. GY may just consolidate around the region 210.2 (last support line) and 211.4 (EMA200)

Prepare then for a breakout either up or down. If breakout up, resistance will be at paek of 16/17 Jun 211.8 then 214(peak 14 Feb).

If down, 209.4 (peak 30 May) then EMA100/55 (207.2)

18 Jun 2008

Reported at 1100hrs SGT
GY
WMA5 attempt to punch through EMA200, but failed.

Looking at the daily chart for the last 6 months, even though WMA5 cleared EMA200, the price will meet resistance at 214.

The price now is around 211 and the first resistance is EMA200 at 211.5

CCI looks down and the momentum down will start if CCI punch through the center BB line.

Suport is at 210.7 (peak 9 Jun), then209.4 (peak 30 May)

17 June 2008

Reported at 0900hrs SGT
GY
Take a look at the daily chart. If you draw a Fib Retracement line from 30 May Peak and 3 Jun Low, you can see that yesterday peak tested the Fib Retracement line at ~211.8 after the price pass EMA200 at 211.4.

WMA5 however is still below EMA200. It can means a rebound but the CCI look strong for a continue push up.

In the event of WMA5 clearing pass EMA200, GY can reach as high as 218, but in terms of stages, first it must close above 211.8, then 215 (half way mark). These set the resistance for GY.

Of course, after a test at EMA200, the attempt may fail and a rebound could occur. If that is so, GY will consolidate at EMA200 (211.4), then, 210.7 (the price before breakout), then, 209.4 (peak of 30 May).

13 Jun 2008

Reported at 0630hrs SGT

GY

Look like GY is losing stream for any upward movement. Both the softening of the WMA5 gradient and the CCI show a potential downward trend.

Even if there is a shot up, GY will face resistance at EMA200 at 211.3. It need to clear 212 before any significant breakout north.

How low can then GY go? You can draw a fib retracement from 9 Jun peak to 9 May low. But as now taking an extimate from the EMAs, we have 207.6 (EMA21) and 206 (EMA100/EMA55)

12 Jun 2008

Reported at 0730 SGT

GY

As predicted yesterday, GY has problem breaking out of 210.7

Looking at the daily chart, a double top was formed. CCI showed no strength in up trend and EMA200 offered a strong resistance at 211.4

The 1 hour chart show a momentum down and support is at EMA100 (209) and EMA200( 208.2)

A likely scenario is that GY will attempt to test EMA200 (211), but fall back to support at 210. Another possible is GY will began descend, forming part of the B-wave, before going up to break EMA200 at 211

11 Jun 2008

Reported at 0800hrs SGT

GY

GY consolidated as predicted. Looking at the doji formed, buyers are pushing the price back above 209. Both WMA5 and EMA21 look good for a momentum for GY to head towards EMA200 at 211.3.However, CCI look a bit slow down. Therefore, the breakout towards EMA200 must overcome the resistance at 210.7 (yesterday peak). The hour chart confirm the suggestion.

Support is at 209 (Fib Retracement). 208 (peak of 6 Jun) then 207 (EMA21)

10 Jun 2008

Reported at 1400hrs SGT

GY

It has been good yesterday, with GY shooting up as predicted to gain towards price at 210.7.

GY may consolidate a little (normally after a super run), but may continue to head towards EMA200 at 211.4.

A likely scenario is that it consolidate towards support at 209.4, before a rebound towards 210.7, therefore testing the peak. Should it break it, hitting EMA200 is possible. The other support is at 208.5 (EMA55 1 Hour chart)

9 Jun 2008

Reported at 1130hrs SGT
GY
Looking at the daily chart, WMA5 has rebounded off EMA100 and is well supported there. Looking at the last candle on 8 Jun, buyers are coming in resulting in a tail that leaves the price above 207.

CCI look flat, suggesting that the uptrend may not prominent. The market may consolidate for a breakout.

If WMA5 continue in upward trend, I will place the resistance at 208, then 209, then EMA200 (211).

On the reverse, support is found at EMA100 at 206.2, then EMA55 at 205.5

6 Jun 2008

Reported at 1000hrs SGT
GY
Looking at the daily chart. WMA5 has rebound off EMA100/ EMA21. Price is now at 208 and given the morning momentum, and the big price shot up yesterday, the trend will continue but will meet resistance at 209 (peak).

Should GY break this price level, it will head towards EMA200 at 211.5. But since 211.5 is too big for a single day movement, it should stop half way at 210.4

The other possibility is a formation of a doji. A rebound off 209 with price range in between 209 and 207. Looking at the hour chart, first support at EMA21 (207), then EMA200 (206.6)

5 Jun 2008

Reported at 0830hrs SGT
GY
Indeed GY was supported at EMA55 (daily chart) at 205 and the low it went was 204.5.

From the daily chart, looking at the WMA5, it has near EMA21 and even if it is to punch through it will meet EMA55. Therefore GY will continue to be supported at 205 (EMA55) and 204.4 (Fib Retracement).

Looking at the CCI, confirm the weakening down trend.

However, should WMA5 break EMA55, GY will break out south and head towards 203.3 and 202 and that will be a very big candle. GU and EU has been going down because of Obama and GY may absord some such sentiments.

Of course, WMA5 may too rebound off EMA21. In such a case, it will be able hit price at 208, half way mark before 209 (Fib retracement)

4 June 2008

Reported at 0830hrs SGT
GY
A doji was formed.

CCI still show down trend, ut with signs of reversal.

WMA5 still hang above EMA100, while price now is 206.1

A good possibility is for price to gain support at 205.5 (Fib retracement) and 205 at EMA55, before a rebound or a breakout south.

Should a rebound took place, price will be again resisted at 207 (peak), then 209 (peak). But should a breakout occur, prepare to see GY supported at 203.3, then 202 (Fib retracement).

3 Jun 2008

Reported on 0830hrs SGT
GY
Looking at the daily chart.
First WMA5 sandwich between EMA200 and EMA100. It rebouded off 209.4 and headed towards EMA100 for a conolidation.

Price now well supported at EMA21/EMA55 at 205. A more support is that yesterday low tested the Fib retracement line at 204.4 and rebound.

CCI pointed down.

What is the trend? Yesterday was a big drop, though the price was supported well, the WMA5 has still room to move down towards EMA100. As such, GY may continue to hit low at 204.4 and 203.3. A likelihood a formation of a doji, before a sure rebound up.

The 1 hour chart gives a signal of where the resistance is - EMA200 at 207, before 209 (Fib retracement)

2 Jun 2008

Reported at 1200hrs SGT
GY
It hit the resistance at 209 / 209.4 on Friday and look as if a reversal will take place. CCI confirmed the direction.

Looking at the 1 hour chart, in the morning GY went towards EMA200 at 207 and rebound and hit the resistance at EMA100 at 208.3.

A breakout is possible in such a case.
A break north at 208.7 (EMA55 1 hour chart) will made GY in another attempt to beat 209.0.
A break south at 207 will continue the downward trend to support at 206.1 (EMA100 1 day chart).