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Chart Eye: SIMSCI Futures : ended 16-June-2006

by Gav Leave a Comment

This is daily chart of SIMSCI futures. It broke out from existing downtrend channel last Friday after a strong day. It is currently facing resistance soon.
Directional index has started ticking up after reaching oversold level. And trend index shows a same picture as well. Sentiment is improving though it is still remain negative.
It is likely to see rebound rally, though downtrend is still intact.

Filed Under: Old blog archive

Reader Interactions

Comments

  1. Denzuko1 says

    June 19, 2006 at 9:36 am

    Interesting that the chart has done an island reversal. It looks very similar to STI are the indices related?

    Reply
  2. Denzuko1 says

    June 19, 2006 at 3:36 pm

    Interesting that the chart has done an island reversal. It looks very similar to STI are the indices related?

    Reply
  3. TopTrader says

    June 19, 2006 at 1:44 pm

    And this chart also shows a small double bottom formation (Breakout has been confirmed by heavy volumes).

    Reply
  4. TopTrader says

    June 19, 2006 at 7:44 pm

    And this chart also shows a small double bottom formation (Breakout has been confirmed by heavy volumes).

    Reply
  5. Gav says

    June 19, 2006 at 4:42 pm

    dezuko1,
    SIMSCI components are similar to STI.

    Reply
  6. Gav says

    June 19, 2006 at 10:42 pm

    dezuko1,
    SIMSCI components are similar to STI.

    Reply

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My Name is Gav.
I am a Father, Husband, Trader, And Blogger. A serious coffee addict. I started training since 2005, mainly on FX and Futures.

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