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Wednesday, April 20, 2011

20 April 2011

Pivot: 1493.00

Most Likely Scenario: LONG positions above 1493 with targets @ 1505 & 1511.7.

Alternative scenario: The downside breakout of 1493 will open the way to 1476 & 1465.

Comment: The RSI broke above a declining trend line and the price is supported by a rising trend line.


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