Comment by Tom Resmann on October 30, 2012 at 7:48am

Hi Peter,

Alsow some pressure from the Daily 5Ma today ( around 2935 zone ). We could be heading for another sideways day as US markets are closed ?

Btw : Does Chatzy work for you today ? I keep trying to login .. does not work ..

Grts,

Tom

Comment by Peter jcp on October 30, 2012 at 8:00am

Morning Tom - same problem - I think their server is down atm? Yes London and Europe will be as normal - but NY down - but Chicago and other US should be OK - I believe.

My first main resistance was slightly higher than were we stopped at 2941 - which did offer a scalp sell with support again from 2923-26.

If we do break above 41 and 45 then I see other old highs as resistance points at 55 and 63 before the 70 level.

Over 2970-75 might allow a further run up - but I personally think we we stop before there and try supports again - especially if its another slow or range day.

Regards 

Peter

Comment by Danda Danos Stasziek on October 30, 2012 at 8:24am

Hi guys, I wanted to join today, but for me it's not working too... This is my market view for today

Comment by Peter jcp on October 30, 2012 at 8:34am

Morning Dando - nice chart and spot on with your levels. On my smaller frame charts i have similar with 54/5 and 61/3 as next 2 resistances above current resistance level. Would need under 2939 to scalp sell and whilst above still a scalp buy. 

Comment by Peter jcp on October 30, 2012 at 9:54am

Noticed some of the US news on the calender today as been postponed or cancelled - but still business as usual in Europe. Extremely slow - even for a scalper- my range is now 2932 to 48.

It will really need something to take price over 63 and 75 to go higher and so if we don't see this in the next 2 hrs you tend to think it will then be back to testing supports and even staying in the 2900 - 2960 range today. I hope not - but that's trading ;-)

Also if the present main support at 2882-86 area did let go many expect a strong fall down to 2825-40 area. That well might happen but it is worth bearing in mind other supports at 2950 and 60 band

Roll on some movement ;-)

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