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Wednesday, August 8, 2012

Daily Update(8/8/12)

Today's Scenario:
As expected the bounce ended right in the 27.91-28.26 zone(high registered was 28.235).Now it looks like any retrace must find support in the 27.59-27.44 zone.Overall bounce is still intact until the 26.85-26.60 zone holds.Resistance at 28.30 and finally 28.72-28.92 zone.
Happy trading.

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