Opening Bell

2011-08-22 06:31
Carbon opened lower from where it settled last Friday. The shy breakout from the bearish trendline is faced now with relatively strong resistance level. We can see a Head and Shoulders forming now, which would indicate a decline in carbon prices. Perhaps we will see the price testing the support @ around 12.15 EUR and anything below that could be a signal of entering into bearish market again.

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