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Why it pays to keep long term price charts in mind

< 1 min read

Today – 6 Dec 2018 – the market returned to levels not seen since Autumn 2016. Back then 10800 was a powerful resistance level and the market revisited that level today (low 10759) and saw a bog 150pt buy in from there. 

The low today was 10759 and the close 10810 – exactly the level that had proved such formidable resistance two years ago. 

Here’s the 2016 chart in more detail.

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Why it pays to keep long term price charts in mind
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