Monday, July 14, 2008

14 Jul 2008

Reported at 0730hrs SGT
GY
The squeeze. Looking at the CCI, the downtrend continue showing that any impending breakout north may not be soon. However, as the EMA55 and EMA100 began to narrow towards EMA200, it may bring lead the reverse direction.

Support is at 209.9, which it try to test on Friday, but rebounded. Resistance again is at 212.4


GU
Looking at the daily chart, WMA5 has just penetrated EMA200 and should it maintained above EMA200, it will attempt to reach 2.0000.


Lower support is at 1.9775 and 1.9700

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