Wednesday 25 April 2012

25/4/2012; 60 min chart; 3511 -BULLISH

Bullish? yes - but not out of the woods yet until market closes above 3523. FCPO broke out above the 'falling wedge' near closing today and closed at the highs of the day. Still lower than monday's high of 3523 which until then, market may not confirm yet that its bullish ( correction over ). It's now within the 'bearish flag' and as long it's within it, it is bullish. If breakdown, it is bearish. If break up, it is strong.

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