Immediate daily technical landscape weakened further following prices continue to lose ground. Thus, market may move sideways to lower in near term. Any violation of the immediate downside support at Usc38.70 may provide more room to bias downside potential. Next support will be looking at USc38.00. To the upside, resistance is pegged at USc40.20.
Market is maintaining its sideways to higher posture following prices surged to close at the intra-day high. As for now, we continue to look for the upside resistance at USc40.96-41.00. While, downside support is lies at USc39.85-39.50.
Market still in consolidation phase following prices found some immediate support at USc39.00. Upside resistance is pegged at USc40.30-40.60 followed by USc41.00
Market took a breathe after the recent sharp rise and looks may want to challenge the physiological resistance at Usc40.00. Violation of it may provide more room to bias upside potential in near term. To the downside support is pegged at Usc38.00
Market looks is facing some resistance at Usc39.11-39.18. Violation of it may provide more room to bias upside potential. To the downside, support is pegged at Usc38.00
Market is trying to defend the underline support at Usc36.55. Violation of it may prompted more room to bias downside potential. To the upside, resistance is stood at Usc38.00 to 38.50.
Bulls failed to defend following underlying support at USc38.06 violated. Next support is looking at Usc36.55. to the upside, resistance is stood at Usc40.00.
Bulls took a breathe after tested the recent high at Usc41.91. Immediate technical landscape looks fragile as Bears may strike anytime if underlying support at USc38.06 failed to defend. Next support will be looking at Usc37.50.
Market violated the upside resistance at Usc41.40 and and end off the high. Thus, we may foresee more room to bias upside potential in near term with upside is projected at Usc42.23-42.48 (gap left over on 6/10/2008)followed by USc43.50-43.80. To the downside, support is lies at USc40.00-39.50.
Market looks is moving forward and may want to challenge the upside resistance at Usc41.40. A significant break out from it may strengthen further the immediate technical landscape to bias upside potential. To the downside, support is lies at USc39.00-38.00.
Nothing much changes as immediate technical landscape remains in consolidation mode. Thus, we continue to look for the upside resistance at USc41.40 and downside support is lies at USc37.00-36.50.
Market continue to lose ground after violated the underline support at Usc39.00. Overall technical landscape remains weak. Currently, we are looking for the immediate downside support at Usc38.50-38.00 followed by Usc37.50. To the upside, resistance is pegged at Usc39.00-39.50.
Market maintain in consolidation mode. Thus, we continue to look of the upside resistance at USc41.40 and downside support is lies at USc37.50-36.50.
Market looks enter into consolidation zone after hitting the high at Usc41.40.Thus, market may move sideways in near term with upside resistance is pegged at USc41.40. While,immediate downside support is lies at USc39.00 followed by 37.50
Immediate daily technical landscape turns weak following prices violated support at USc39.37. Thus, market may continue to move sideways to bias downside potential if prices break further the physiological support at USc39.00. Next support will be looking at USc38.00. To the upside, resistance is pegged at USc41.40.
Immediate daily technical landscape remains positive despite prices eased off after tested the high at USc41.40. As for now, we continue to look for the immediate upside resistance at USc42.23-USc42.48 (gap left over on 6/10/2009). Immediate downside support is adjusted to USc39.37-39.00.
Market recovered with closing at day high at USc41.10. However, more strength is still needed to break out from the recent high at USc41.15 in order for a more sustainable rally. As for now, we continue to look for the immediate upside resistance at USc41.15 followed by USc42.23-USc42.48 (gap left over on 6/10/2009). Immediate downside support is adjusted to USc40.00.
