After holding the fibo 38,2 retracement support , the recent price movement start to look more like a part
of a complex , and may be long 3 waves ABC correction . The test of 285 resistance still very possible to complete B wave .Without any weather event after a possible test of 285 , next move should be straight down to 240 /220 to complete the C wave.
Weekly: 2011 June 29th
After the short term support being confirmed by a hammer candle followed by a strong upside reversal ,
next upside target should be close to 275/285 (previous supports and not yet tested resistances).
NEXT BIG MOVE OUTSIDE THE (240/285) RANGE , STILL IS UNPREDICTABLE
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