Friday, March 30, 2012

Breakout not sustainable - short opportunity

Carbon did go up touching 7.40sih but this was not sustainable in the short term.















We shorted twice yesterday (intraday): (1) on the break below 7.20 euro with profit target slighlty above 7.00 euro ; (2) break below 7.00 - bought back slighlty above 6.80.















From yesterday and today it seems 6.80 euro is supportive, very likely we will see the market going back to 7.15ish.

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