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Futures Technical Reports | Jan 06, 2009 12:00AM GMT |
Our target is still the 50 day MA at 51.45 and the upside direction prevails. Today we see trading is still above the 43.00 level and will continue inclining on the intraday and short term to reach the above mentioned target. On the other hand, we shouldn't foget that the medium term trend is still to the downside.
The trading range for today is among the key support at 43.75 and the key resistance at 52.40
The general trend is to the downside as far as 92.30 remains intact with targets at 34.85 and 32.25
| Support | 47.90 | 47.45 | 46.00 | 45.50 | 45.20 |
| Resistance | 48.60 | 49.60 | 50.50 | 51.45 | 51.80 |
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