LH : Some chance of a new multi year high… to 8 or so.
April 20, 2011 Leave a comment
LH has stiff resistance at 7.00-7.10 and again at 7.50. Both levels should be retested shortly, but there is some chance it may manage a spike to 8 or so this time – all it needs are some very strong flows and market maker activity.
Entry at 6.65 or so can still be considered, but if it passes 680 this morning on strong buying, then it will probably hit 7.00-7.10 today or tomorrow.