Tuesday, August 25, 2015

Wilmar: Breakdown of 2.90 support after 3 years spotted LIVE yesterday at 2.86

Have touched our first target at 2.70 today, can that hold?  

Sent: Monday, August 24, 2015 11:19 AM
Subject: ********** Wilmar: Breakdown of 2.90 support after 3 years.... price 2.86
Wilmar might start to see more downside to 2.70 then 2.50 after breaking below the 2.90 critical support that has held for about 3 years.  100 day MA line on the verge of crossing below the 200 day longer term MA line which can see more reversal lower with change of trend finally confirmed below 2.90 support turned resistance now. Cautious any long positions below 2.90. CFD SELL can be used to ride the downside along with commodity and general market weakness.

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