22 Jul 2008

Reported at 0900hrs SGT
GJ
Again the strong resistance at 214 and the support at EMA200/ EMA21 at 212, prevented GJ and caused it to trade within the band.

Breaking down into smaller refinement using 1 hour chart, resistance is at 213.8 and support is at 212.5

Should GJ break 214, set 217 will be the next target, while breaking sout gives 210.5

GU
It attempted 2.0000 again and this time price managed a punched through, and that include EMA21 (daily) punching through EMA200. This means a good support at 2.0000 or at least EMA21 at 1.9900.

Resistance is set at 2.0080, then 2.0160, while support is at 1.9850 (EMA200) then 1.9800 (EM100)