Monday, 6 August 2012

3pm update - closing hour weakness?

Whilst we are flat lining in price, the hourly cycle is rolling over. Nothing conclusive yet, but it might be the start of something for Tuesday.



Daily cycle, top of the channel, hourly cycle...rolling, 15min cycle....kinda low.

There is still a danger of a stop-sweep in the closing hour, which would of course be really annoying for those bears with stops in the 1400/05 range.

More after the close