Sunday, July 29, 2012

Trade Guideline For Monday

A trending up day on Friday with a close at the day high, shorts capitulated into the close. For Monday we could expect another uptrending day due to more short-covering if prices continues to push higher, or consolidation day with a sustained break below 2635.

Key Level for Monday is 2635.
Expecting bullish day above 2635, targeting 2680. Resistances levels are 2650, 2658, 2680, 2710
Consolidation day on a pullback below 2635. Supports are 2620, 2610, 2590-95

Eurozone Debt Crisis Continues