Comment by Peter jcp on July 15, 2012 at 9:57pm

Hi kay - Its gapped up similar to EU - but I have OB on smaller frames ( under 8hrs) so would expect a pullback - before London / US comes around.Regarding next direction - it would need over 0283 - to show any direction upwards - whereas back under 0200 might show down bias
Have a good week

Comment by kay on July 15, 2012 at 10:46pm

im short from last week peter 10190 ST 10300 TRG 10145. i dont think its going there today or probably tell after bernanke speaks, if at all, im expecting it to find support around 10200/20 and resistence around 10280 so probably cover my short aound 10220 till after bernanke on tuesday i think.

thnaks for your analysis. cheers

Comment by kay on July 15, 2012 at 10:51pm

PS it seems to be finding support on its 20MA on the 15M chart, or do you think im reading too much into it too early ?

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