Technically, we remain confined to the familiar range we have been trading for several weeks. Please see the chart on page 2 in attached PDF describing the current trade channel support and resistance for the Z'08. We erased all the negative technical resistance over the last two weeks, but were unable to reinforce the positive technical move from yesterday.
The market continues to move sideways as we get closer to H'08 expiration. RSI is back above 50, but certainly not showing signs of being overbought as we should continue to see the market trade in the current range.
marketing@alchempro.com
