19th Feb - CRB Index Rebounding Off Support
19 February 2015
WEEKLY CHART –
CONTINUATION:
The Index has found support from
a bear channel base projection,
and is trying to bounce off this
now.
DAILY CHART – Mar-15:
The downmove has so far
stopped just short of a Fibo
projection around 205.00. Is
support trying to form near here?
Note first potential resistance
offered by the 235.380 23.6%
retracement level. A push through
here would be the next positive
sign.
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