[B]Bias: [/B]The 90.46-62 area provides the barrier to larger gains while only below 88.12-41 will see 87.12 again
The upside edged a little further yesterday but has not yet broken through the 90.62 barrier. Once this is broken I feel the risk will be more for gradual gains to 91.30-56 at least. This is an area that could cause a pullback. Above 91.60 will maintain the upside as the more dominant force through to 92.40-68 and eventually to the 93.50-84 area. I would expect a sizeable pullback from this higher resistance. Only above 94.00 would imply much more sustainable gains.
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[B][CENTER]Please note that the next update will be on the 2nd January.
I would like to wish each and every one of you a joyful and peaceful holiday season, enjoyed with families and an equally healthy, happy and prosperous 2009.[/CENTER][/B]
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