Thursday, November 29, 2012

Copper‏ (Dec 12) intraday: the downside prevails.


Pivot: 3.54
Our preference: SHORT positions below 3.54 with 3.5 & 3.48 as next targets.
Alternative scenario: The upside breakout of 3.54 will open the way to 3.56 & 3.58.
Comment: as long as 3.54 is resistance, likely decline to 3.5.


USDCHF Technical Analysis - Sell at 0.9955

USDCHF made a nice bull move from 0.9716 to 0.9990. Then USDCHF drops from over bought zone. USDCHF is trading below its 20 period MA on 4h ...