CK, I presume you still have a short on FMG? Normally I would have placed a buy order at 2.85 but just looking at recent price action on gold is confirming each test of support/resistance weakens it as opposed to the general way it is taught in charting.
Add the fundamentals of China with their total cost component and the Dalian futures still have a negative so far and I wonder if the SP can close above this support level today.
AGO Price at posting:
20.7¢ Sentiment: None Disclosure: Not Held
FMG Price at posting:
$2.74 Sentiment: None Disclosure: Not Held
RIO Price at posting:
$58.44 Sentiment: None Disclosure: Not Held
