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13,080 Posts.
2730
01/12/09
21:42
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nice chart OA and agree Timoshev about 35, but think if there is another negative move, one could see 32 again
was thinking that 37 will need to be tested again at some stage.
Looks like a solid bounce of the 32 mark in NOV
Looking to break the highest ever weekly close of 40.09 (March 08) to then see a possible breakout.
Near term looking for a bounce to 39.20ish with POG bouncing back and over the previous USD record of 1195 tonight...
If it holds , given the short position of the last ten days or so we may see a very strong open in the AM..
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