“The Elliott wave count continues to indicate that this move is corrective only. We are currently sitting below the 200 day ma and the October low at 111.28/41. We remain suspicious of the current rally and will attempt short positions. The base of the channel at 108.90 guards the 107.75/50 band.”
“Resistance at 111.38/41, the 26th October low, guards112.23 the 6 th December low and the top of the range at 113.84.”
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