Friday, 4 May 2012

EP M12 I dont like the look of this even more than before

After crappy EZ PMI data we see the EP M12 on critical support. Oil and Gold and the EurUsd are all well off in the morning session and I think today will see either a break lower and back to the bearish scenario i was talking about before the recent & surprising rally off the lows upto 1400 area or a rally back up to restest 1400. I think we will hold above 1385 until this after noon then see the direction and sentiment one way or another.

No comments:

Post a Comment