29th May - Coffee Still Grinding Lower
29 May 2013
WEEKLY CHART – CONTINUATION:
The downmove is closing in on the Fibo projection just below 120.00.
DAILY CHART – Jul-13:
The bears remain dominant, with the 132.70 29-Apr low not holding. Supports include the falling support line just below 120.00 and a Fibo projection at 115.80.
At this stage a recovery through the 148.80 10-May high would be interesting.
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