spi futures 28 june 2010

From my subscription:

Hi All

On the overnight market we broke our key support of 4403-05 support. However we failed to follow through to the down side, and we closed back within our range 4403-4440. On the larger time we remain bearish, however if this is a false break to down side we could see a counter trend move.

Todays key levels:

Overnight Close: 4414 The Daily DSR Line: 4511. Intraday DSR Line: 4418 PP: 4461

In Morning Play 4413-4418 are the key

Above 4418, and next level is 4424, above that 4434, above that key resistance zone 4440-4444, upon the break of that 4461 the 4479
On the down side, below 4413 key support is 4400-05 zone, below that 4382, below that 4349 and 4320.

Enjoy your trading and have fun on the market.


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