29th Aug - Crude Oil Testing 76.4% Resistance
29 August 2012
WEEKLY CHART - CONTINUATION
After failing to clear the 2011 peak the correction found support from the 89.58 May-10 high area, and a deep rebound is still underway (seen as temporary). But look closer.
DAILY CHART – Oct-12:
The recovery has reached the interesting 115.22/55 resistance area, 76.4% retracement and 23-Apr minor congestion low. S/term resistance here is not a surprise and we currently await a better reaction around here. In the Commodity Specialist Guide we have noted that this could well provide a trading opportunity for bears.
First support comes from the 107.40 19-Jul high, ahead of the 101.40/30 area.
We have been viewing strength as probably corrective/ temporary, ahead of further bear activity.
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30th Aug - Modest EUR/JPY Rally Nears First Key Resistance Area 
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23rd August -Treasuries edged better by Fed