BBL-F : S1 143-144, R1 147.50-148.50
February 11, 2011 Leave a comment
BBL-F on the hourly chart looks as if it will at least try and retest 147.50-148.50, but even a close at current prices – 146 might not be enough to see it stabilize after a solid month of selling pressure. The hourly chart shows major price resistance from 150 or so to 153, and will need a solid close today if there is to be much chance of a spike to 150 or so next week. A weekly close below even 143 should open up a range to 130 or so.