SXX daily 10/05/13
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Well, that happened a bit quicker than I expected. 22.5p target hit precisely today so that should set up some consolidation around the current 24-26p levels before another test of the key 28.5-30p area.
For higher prices the level to break remains that main downtrend, gap and resistance area. It should manage it next time round as that will be the third attempt, but it's so strong that it may hold off one more assault.
For higher prices the level to break remains that main downtrend, gap and resistance area. It should manage it next time round as that will be the third attempt, but it's so strong that it may hold off one more assault.
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