28 July 2008

Reported at 1000hrs
GY
It seemed to be well supported at 214, above EMA21/EMA200 at 213/ 212. But it also seemed to be well contained and resisted at 215.

My prediction is that it will moved towards EMA21 for a breather as part of the B-wave retracement before rebouncing off above 215.

Should it go above, give it a go at 216, beofre 217.

GU
The squeeze of 3 EMAs - 200, 100 and 55 showed a good support for GU to sustain. That gives a range from 1.9800 to 1,9870. EMA21 further support the price at 1.990.

Should Gu moved higher, above 2.000, aim the price at 2.0100.