- Weekly : Yet again, attempted rally has failed at overhead resistance in the 660-675 band. Now at 615.50. Down below, need to see 570/580 support band taken out to get really bearish. Overall, the pattern is negative but as always, it's important not to wear oneself out with unnecessary trades or large risks while waiting for the big move to occur (as per EUR/USD).
- Monthly : If the last few months price action since the Sep11 plunge is read as a bear flag, then downside potential is as far away as 470! Clearly a trade that "bears" close watching.
- Trade : (As per EUR short) token short ZCK2 at 644, sell stop-in below 570 to trigger real commitment.
- ZCK2 rolled into ZCN2 on Monday, equivalent original entry in ZCN2 terms is around 635.
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