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POG daily 23/07/13

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Rather than try and catch the bottom on POG I'd planned to go long on a 123-low breakout but completely missed it due to being busy with other things. We can see the results, though, with a healthy number of pips to anyone who did take that trade.

The thing to look out for now is that RSI. If it reverses off the trendline then it might be worth taking some profit. If it breaks through then it should indicate further rises but beware that tricky 123p level. Personally I think CNR or KAZ offer better risk reward than POG for those not already long here.
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