Having demolished both the green support zone and the red channel support on 15 Jan 2010 price stopped at the blue channel support on Friday closing. It has just broken below the blue channel support and is now testing the dual support comprising of the light blue support zone and the mid Bollinger Band support. It will most probabilty be confined between the green resistance zone and the light blue support zone. However, if further weakness should prevail the next support will be at 22 cents 38.2% Fibonacci retracement followed by 20 cents 50% Fibonacci retracement support levels.
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