Wednesday, September 26, 2012

6E Futures Daily/Pulling into Support

6E Futures Daily Chart
6E Futures Daily Chart seeing a nice organized channel pullback into a confluence of support area's. The downward slopping trend-line from late February, the breakout level that occurred in early September off of the mid-June head 1.2759 should act as good support on a pullback. Note: the volume is cooperating also on this decline, nothing foolish nor scary as of yet about this pullback. IMO it gets bought up and we take another assault at the September highs of 1.3183 . If the head high of 1.2759 fails, it targets the mid July rising trend-line and the 1.2397 level where fresh bulls should defend, and put new capitol to work.

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