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Archive for December, 2014

December 31st, 2014

The odds are still on further pressure on supports

The market closed higher yesterday but this strength was not fierce enough to change the underlying technical picture. On the other hand, the contracts did not quite get down to…

December 30th, 2014

Supports have been closed below; The downtrend continues

Apart from a mini and very short-lived rally in the early part of yesterday bears firmly remained behind the steering wheel. Not only are they in full control of the…

December 29th, 2014

Sell rallies to the 13s; Down trend intact

The Christmas period did nothing to encourage bulls although it has to be said that the extent of the price fall has slowed somewhat but this might have been due…

December 23rd, 2014

Watch the 5 and 8 day MAs, sell a rally to the 13s. Recent lows imp’ support

The contracts failed to stay over the 8 day MAs yesterday and, as a result, moved lower, slingshot (s/s) fashion, to the 5 day MAs. These were also breached and…

December 22nd, 2014

PVM Midday Report 22 December 2014