Tue, Mar 25 2008, 10:55 GMT
by Timothy Straiton
Current level at 11:54 CET is 100.38, trading above the daily pivot point level of 100.37 with hourly Bollinger and standard error bands now flat. After having reached the Fibonacci 76.4 percent retracement level of the 79.78 - 147.62 range at 95.90, the chances are good that a sizeable recovery will unfold and possibly challenge the daily Ichimiko cloud base at 107.02. Daily Bollinger bands are contracting while daily standard error bands are now turning to the upside. Pivot point related resistance levels for today are set at 101.26 and then 101.79. Support levels are at 99.84 and thereafter at 98.94.
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