15th Nov - Rise in Carbon Emissions Reaches Fibonacci Level
15 November 2012
MONTHLY CHART - CONTINUATION
The old floor around 8.00 was broken earlier on, prompting consolidation. So far no real sign of recovery has been seen, but see below.
DAILY CHART – Dec-12:
This year support from a previous Fibo projection at 6.40 has proved effective. Recent recovery has finally reached the first Fibo retracement, 23.6%, where s/term resistance has been found.
A push through this would suggest a better recovery phase in prospect and call for higher targets.
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08th Nov - Gold Now in Correction Mode