LH : At risk of a pullback to 5.70
May 22, 2011 Leave a comment
LH needs to rally and hold above 6.75 if the bulls are to have an election time move, and above 6.45 very soon indeed if a pullback to 6.00 or so is to be avoided before the end of May.
We see risk of more downside – to nearer 570, with longer term and more significant support seen at 5.45-5.50
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