11th Oct - Brent Crude Holding Above 38.2% Support For Now
11 October 2012
WEEKLY CHART - CONTINUATION
The earlier correction found support from the 89.58 May-10 high area, and a deep rebound was prompted – we have been viewing this as temporary though.
DAILY CHART – Dec-12:
After the recent pullback, support remains effective at the area of the 38.2% level and 106.62 19-Jul high.
If this holds then the 122.10 Mar high remains under threat shorter term. But a push lower would give the sidelined bears fresh cause for hope.
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4th October - When is Short Sterling a sell?