Some time ago, about three weeks maybe VI and I were talking this and IMP. we said at that stage a trade between 695 and 720/725 was the range but also look for weakness coming to longer support at 656/664 if I remember correctly. Right now the whole market is just in over drive from Libya, todays LSE suspended trading and other short term noises. But the point is we are the critical level of support. this is about the 4th attempt at the support level and indicators don't show anything different. Volumes at most stages of approaching the support lowered so less convincing of a break out to the down side but rather a bounce back to resistance channel. 725/740. Basically a no brainer to accumulate here and move forward. Expect a few more days of weaker price action but a serious drop from these levels? I am not convinced but will keep stops close at hand, just in case. After all the world is unpredictable at all times......Hope it helps out
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