02nd FEB - Carbon Emissions Enjoy Modest Recovery
02 February 2012
WEEKLY CHART - CONTINUATION
Last year's violation of the major 8.05 Feb-09 low turned focus on lower targets, such as the 5.60 equality target (May/Aug downleg extended off 13.55 31-Aug high).
But will this be reached...? See below.
DAILY CHART - Dec-12:
Our latest Fibo projection, at 6.40, has provided support so far. The relatively modest bounce off this is nearing a falling support/return line.
This is the start of an interesting resistance area that includes the 9.35 23.6% retracement and 9.80 04-Nov low. These earlier provided resistance in Dec.
A break through this area would be a positive signal, and initially target the 11.20 38.2% retracement level.
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2ND FEB - Dollar Euro is it a sell? 
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27th JAN - Cable remains delicately poised