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Friday, June 3, 2011

03 June 2011


Pivot: 1538.00

Most Likely Scenario
: SHORT positions below 1538 with 1520 & 1509 as next targets.

Alternative scenario: The upside penetration of 1538 will call for 1550 & 1555.

Comment: the price broke down its bullish channel. The RSI is bearish and calls for further downside.

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