The downtrend continues unbroken from the beginning of the year with the exception of the first week of March the brown line marks support on this slide down. There is good support building at 8347 and I doubt whether it will drop much past 7500 for the foreseeable future. I don’t see anything much happening until mid April when everything should start trending up to at least 9.5 based on what happened after Cyprus. Support seems firm at around 7.7. If I had some money I would be buying today.
Commentaire:
Also Mercury is in retrograde until the 15th so tread/trade carefully. I expect nothing but unicorns and rainbows after mid April which, curiously, is where the potential uptrend (blue) crosses my second black line.