Hi guys, I thought you might like to have a look at our next resistance levels we have to break through.
We must get through 74 cents and then finally breakout of the green channel we have been for a long time, next port of call will be 89 cents and then onwards to 96 cents, when that is level is finally behind us we have a clear uninterupted climb to $1.17.At this point our final peice of resistance will be $1.20 we will have a battle between the "Bears", hopefully the Sexy Bulls can win and its Blue Sky from here.
Would anyone care to guess how long this will take ?
From our break through at the 50cent resistance level back Sept 30th 2011, it took 21 weeks to climb up to our all time high at $1.20, could history repeat itself ??????
Any "Gannies" ( W D Gann ) out there care to elaborate.
Sorry guys for rambling on, its a very cold Melbourne afternoon here and I thought I would indulge myself with some charting :-D
SXY Price at posting:
65.0¢ Sentiment: Hold Disclosure: Held
