Thursday, August 16, 2012

GU 16 Aug




A very narrow range day for GU yesterday. Basically we have drifted sideways through the D lower trend line. Upper wicks on D and 4 hr suggest down. 1hr is just on lower highs lower lows. Sometimes these hard to see lower highs lead to decent moves.

We have a support area 1.5660 where it can bounce from but bias is down.

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