Barc : Barclays Support and Resistance

Historically the 250 zone has been a very reliable S&R level:

dl.dropbox.com/u/24866576/October%202012...0151012%20weekly.gif

dl.dropbox.com/u/4899609/barc21stoct.jpg

Support. 230.05,,227(down trend line back test),,220,,211.8(horizontal+trend line),,207(200sma),,193.05(gap),,178.8,,160.95,,153.7,,148.2(very strong Support)

Fibs to be considered once the price gets close to the 38.2 fib as then its likely to be drawn at correct levels(my own method)...It could be argued why not the 23.6. Its just what i find useful for my style of trading as i prefer to enter at the key levels(38.2,61.8 fibs)

Resistance. 248.1,,256.9,,260,,269.7(gap),,279,,299.2(gap),,303.1,,311.4






dyor
remo