Friday, December 7, 2012

7.12.2012 Friday

Price moved out of the magenta PF , through 5900 resistance  levels with wide range bars indicating positive momentum holding on.With the recent swing points,the Green Pitchfork drawn leads to immediate resistance level at 6000 + levels for closing long positions based on the price bar action  at this zone.Moving below Green median line, retracement supports will be at green LMLH at 5900-5875.

EOD updated chart

Supports at 5875 zone at green LMLH expected for upmove to continue.
 

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