Abu Dhabi's $10 billion bailout Monday of government-owned conglomerate Dubai World will go a small way to tackle the emirate's debt pile, after the big correction of gold trading,we are looking for the new victim for the global market.
My view is keep the eyes to mornitor Dj trading,we are waitting for the new short of Dj future and some reversal signal from this market soon.
Look at Dj of January with the evening star pattern on the daily chart today if Dj price can not break up @10.570 level one more time. It means yesterday doji chart to show the reversal downward soon.
Pending order to short Dj -january around @10.35-55 level with tigh stoploss above @10.575 level now. We can try to fight with market and holding psn for some next trading day.
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