Thursday, December 15, 2011
Bears Maintain Near Term Technical Advantage Going Into Fridays Session
Closes above Tuesday's high crossing at 101.25 would confirm that a short term low has been posted. First resistance is Tuesday's high crossing at 101.25. Second resistance is November's high crossing at 102.44. First support is the 38% retracement level of the October-November rally crossing at 92.68. Second support is the 50% retracement level of the October-November rally crossing at 89.37.
Precious Metals, Equities and Crude Oil Long Term Outlook