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''It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong.'' George Soros

Thursday, 05 January 2012 11:08

Review IBM Points Figure Charting 05.01.2012

Written by publisher

The buyers did not manage to pass the important resistance level 188.4, where the main line of the downfalling trend is placed, thus the shares were driven down.
At the moment there is a declining movement to the support level of 184 observed.


As the general tendency remains decreasing and the chart of the computer sector is still in the formation “Bullish correction” at the rate of 30%, today the continuation of the descending trend is expected.


In case of a pre-time shares’ upward rebound and breaking through resistance level at 188.4, the buyers will overwhelm and a rising pace will last till the resistance level at 190.8.
The relative strength chart is placed at 50% and is directed horizontally.

 

Performed by Sergey Litvinenko, Analytical expert
InstaForex Companies Group © 2007-2012

 

 

 

NATURAL GAS

Natural gas futures is trading at $ 3,107 per million British thermal units during the American session, trading at a very small range, we have a very strong support. 3.040( weekly support), we believe the pair may reach this level and then take upward force.

If you notice on the chart, natural gas has left a gap in its opening last week of December 12. is likely to have to close that gap before continuing its downward trend. Our goal for this exercise we will place short-term resistance in the second round of 3,383 weekly.

On the other hand, the Momentum indicator and range are showing oversold, signaling a possible rebound.

 

Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2011

Tuesday, 20 December 2011 19:04

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Friday, 23 September 2011 00:00

About Forex Quebec

Written by Forex Quebec

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Sunday, 02 October 2011 17:37

Forex Brokers Fixed Spreads Comparator

Written by Forex Quebec

Forex Fixed Bid/Ask Spreads Comparison Table. Compare EUR/USD, GBP/USD, USD/JPY, USD/CHF, USD/CAD, EUR/JPY and AUD/USD spreads of different forex brokers.

 

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