SUPER : Should retrace to 0.90 or so
July 31, 2011 Leave a comment
A big run of late in typical fashion – ie a clear to see ramp, SUPER may well fall below 1.00 early in the week and head back to 0.92-0.93, possibly a few spreads lower – to 0.89-0.90. There is slightly stronger support back at 0.86-0.87
To cancel such a scenario a daily close above 1.07 is needed on strong buying, but for now the chart points to a pullback.