Wednesday, March 14, 2012

Daily Market Comment - 21 February 2008

AppId is over the quota
AppId is over the quota

Daily Market Comment


1.4715. It should trade higher to above 1.4759 while 1.4687 offer support. Minor support at 1.4665. Stop Loss below 1.4570 zone. 1.0996. Market looks set for gains towards 1.1036 or above in extension. Dips should find support at 1.0986 - 1.0966 zone. 108.12. It looks set for gains to above 108.50. Supports at 107.80 and 107.99. A break of 107.60 will damage this bullish structure. 1.9418. Current fall is near an end of wave around 1.9331 - 1.9389 zone, a rally should then procede to above 1.9461 or 1.9493. Fall below 1.9287 would cancel this scenario. 1.6180. Market looks set for gains towards 1.6211 or above in extension. Dips should find support at 1.6152 - 1.6136 zone. 159.09. Corrective dips should ideally halt near 158.69 or 158.4 for one more thrust upwards towards 159.18 - 159.68 area or 160.26 in extention. Fall below 158.11 puts it back on a downward path. 0.9183. It should be subject to more sell off towards 0.9126 or 0.9069. Corrective upward swings should face resistance around 0.9225 area. A break of 0.9248 is bullish. 1.0129. There are initial signs of a good corrective recovery towards 1.0164 or even 1.0183. Supports at 1.0118 and 1.0090 zone.


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