Monday, November 28, 2011

Closing Bell

Carbon moved within the channel which we showed on the chart earlier today, which can mean we are still in a very strong bearish trend.

We failed to get even close to 8.90 EUR which could signal end to this trend, however there is a possibility to see a reverse Head-and-Shoulders bouncing off 8.00 EUR which could be read as a (at least short term) breakout from the downward movement.

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