Friday, December 18, 2009

Technical outlook 18/dec/2009

Look how beautiful the long term downtrendline mentioned 2 weeks ago is working so far.It is at 1110 at the moment.

The blue channel matches 50 day moving average big support at 1086.I do think the blue channel is a very beautiful one in charge at the moment.The dollar rally together with gold sell off was expected already. Early january might be quite heavy. We will see.

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