Wednesday, November 23, 2011

Morning Commentary

When the reading of the Manufacturing and Service PMIs in France, Germany and Euro-zone were being published - and they proved to be "not-so-good-and-encouraging" - carbon slided to hit new low.

* Purchasing Managers Index in the manufacturing and service industry. Above 50.0 indicates industry expansion, below indicates contraction. It's a leading indicator of economic health.

Depending on how aggresive the trading strategy is, we may have now a new short opportunity or a Profit Target for previous shorts and entering with new short below 8.75 EUR.

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