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Author: Mark Sturdy

The anxiety of the S&P bulls

WEEKLY CHART The market has stumbled since the beginning of the year. Three times it has tried to get back above the first High made in February of 1332.60. So, a small triple top or even a Head and Shoulders reversal may be on...

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Will Key 38.2% Support in GBP/USD Last?

Following the late April high in GBP/USD the subsequent slip back found good support from a key 38.2% area, with recovery then triggered. But after recent resistance the key support could once more come under scrutiny. WEEKLY...

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Silver Recovery Set To Continue

The earlier 2011 fall back in Silver prices found interesting Fibonacci support on the daily and longer term charts and, now, the initial recovery looks well-placed to further satisfy shorter term bulls. WEEKLY CHART...

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EUR/GBP Picture Not Yet Clearly Bullish

Following new 2011 highs recently the EUR/GBP cross rate has slipped back from long term resistance. Key supports are coming under scrutiny, the first of which being a 38.2% pullback level. WEEKLY CHART: The earlier breach of...

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Next Resistance in Gold

A negative signal in Gold in early May did not come to much, and the bulls have reasserted their authority. Short term we look for the next possible resistance points. WEEKLY CHART -CONTINUATION The bull move temporarily halted...

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Chart Support Prompts EUR/JPY Recovery

Following the Mar/Apr surge in the EUR/JPY cross the drop back has almost been as dramatic. Lower support has now been found but there is currently a question mark over how long this can hold. MONTHLY CHART -CONTINUATION The...

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Cocoa Recovering Off Key Support Area

The last time we looked at Cocoa the 2011 downmove had halted at a multiple support area. The then prospects of a recovery are now being borne out, although the final bull signal is still awaited. MONTHLY CHART -CONTINUATION The...

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The uncertainties of Oil

TECHNICALS: WEEKLY OIL CHART The market is testing the integrity of the bull market from early 2009. Note that the diagonal support has been breached. But too that the horizontal support from the Prior Highs 87.15-92.58 remains,...

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Next Bear Leg in EUR/USD Now in Process

Our previous Update on EUR/USD highlighted a key reversal week in early May, which has marked the start of a consolidation/correction phase. Following renewed weakness we look at where the next supports reside. WEEKLY CHART...

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