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Wednesday, April 27, 2011

27 April 2011

Pivot: 1511.00


Most Likely Scenario: SHORT positions below 1511 with 1500 & 1490 in sight.



Alternative scenario: The upside penetration of 1511 will call for a rebound towards 1520 & 1527.



Comment: The price is facing a resistance area around 1508.
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