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Thursday, August 9, 2012

Daily Update(9/8/12)

Today's Scenario:
We are at an important short term price juncture,on any close below the 26.90-26.60 zone,any further bounce attempts would nullify and then target the 25.32-24.62 price zone.Bounce is still intact until the aforementioned price level holds.Resistance for the bounce could be found at 28.32-28.52 and then 28.72-28.92 zone.Any retrace must find support at 27.63-27.45.
Happy Trading.

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