Tuesday, July 01, 2008

1 July 2008

Reported at 0800hrs SGT
GY
The suggestion is a down trend, but EMA200 and EMA21 in combination may cause a rebound. Looking at the daily chart and the WMA5, ithe WMA5 may be resisted by either EMAs.

Support is at 210(Fib Retracement), then 209 (EMA55), while resistance is at 212.5-213 (refer to 1 hour chart.


GU
Look as if it is going down for a consolidation. Support at EMA200 at 1.9847.
Resistance is at 1.9966 (yesterday peak) and 2.0000 (phsychological price).

Looking at the 1 hour chart, ig GU can rebound off EMA100 at 1.9910, it may attempt to reach 2.0000

UJ
This pair seem to be sandwich between EMA100 and EMA200 from the daily chart, 105.4 and 106.6 respectively. The 1 hour chart also show a sandwich between the low of yesterday and EMA200 at 105.2 and 106.7 respectively


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