Tuesday, June 10, 2008

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)

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