Tuesday, March 20, 2012

New short opportunity

This morning we had another short signal when the EUA Dec12 price broke below 7.60 euro, form an intraday high of 7.84 euro. Please note this signal would not find a confirmation in the RSI - it is @ 30 , a level which indicates an oversold market - but the decision to sell was / would have been mostly driven by the sentiment and the break to the downside would just confirm the 'feeling'.

Stop-Loss @ 7.80, Target 7.15

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