Wednesday, 9 February 2011

Brazil and India still on SELL signal


BRAZIL
Brazil 65771 (BVSP) found bids at 65000 with long term support in 57500-60000. I'm looking for a bounce up to 67500 before the next leg down to 60000. ETF for Brazil EWZ 72 has resistance at 80 with support at 60. Only a close above 10ema at 73 will change the SELL signal

INDIA

India 17776 (BSE) has long term support in 16000. I'm looking for a bounce up to 18500 before the next leg down to 16000. ETF for India INP 65 has resistance at 82 with support at 60. Only a close above 10ema at 67 will change the SELL signal


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