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93.5
93
92.5
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90.5
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89.5
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88.5
88
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Comment: Dropping to the 50% Fibonacci retracement support and the top of a relatively thin Ichimoku
‘cloud’ as expected. Expect a little hesitation, probably in a small range, around here today. We shall expect a drop
to 61% retracement (88.25) this week or early next week.
Strategy: Sell at 89.25, adding to 89.65; stop above 90.65. Short term target 89.00, then 88.50/88.25.
Chart Levels:
Support Resistance Direction of Trade
89.14 89.50
89.00 89.77
88.80 90.18
88.50 90.56
88.25* 91.00*