Posted On: 05/28/2014 4:00:37 PM
Post# of 56323
.0783 is next resistance on the DAILY CHART which is the SMA50 (for that time period), support will be .0741 and then .0711 with possible bounce at .0731 tomorrow if the current trendline holds.
Today's moves are on weak volume so expect the BEARS to reappear soon here (CMF) although (again) a close above .0826 would be a confirmed MACD trigger crossover indicating BULLS are back in charge. Right now, the most important breakthrough is .0783 resistance. If we do not close above today or tomorrow then BEARS will try to take control and look for support at .0741 then .0711
Today's moves are on weak volume so expect the BEARS to reappear soon here (CMF) although (again) a close above .0826 would be a confirmed MACD trigger crossover indicating BULLS are back in charge. Right now, the most important breakthrough is .0783 resistance. If we do not close above today or tomorrow then BEARS will try to take control and look for support at .0741 then .0711
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