May 29, 2014

Intraday analysis

Break of initial trading range low at 7320 F was first sell signal (first line).

Thereafter markets traded in a range and formed a resistance at 7305 F (second line).

Break of 7325 F was additional confirmation of downside... markets then closed near 7235F.

A good day for short trades.

This is how the chart looks like.

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