Thursday, September 29, 2011

Closing Bell

Carbon traded higher as most of the markets cheered when Germany agreed to increase in the eurozone bail out (as if they had an alternative).

Technically we could see a breakout from a downtrend, however met with somewhat strong resistance around 10.90 EUR.

Tomorrow could be a very interesting day as further break higher could prove to be a strong buy signal. Also we could see some short covering ahead of the weekend. Stay tuned!

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