Weekly Update(16/7/12-21/7/12)

Weekly Scenario:
The medium term trend remains down.Resistance could be seen at 28.45-29.08.We could break the support shelf at 26.50-26.00 and test the 24.26-22 zone.While any bounce attempts must terminate within the 29.45 level,while on the contrary the breach of this level would suggest a greater potential for the ensuing bounce.

Have a great trading week ahead.