Written By Basilio Chen

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Finally out of a trading range.  Prices have established a strong support at 1120 as described earlier.  A corrective rally is in its way.  LONG position have been entered at 1153 with stop loss at 1145.

2 trades on the SHORT side were entered at 1130 and 1140 yesterday with a stop loss and a meager profit on the other.  We are switching over to the LONG side cautiously.