Cosco 111108

Today was the 2nd time this week that Cosco tested the 0.930 resistance (green --), although Cosco seem to be able to bounce off the 0.870 support (lightblue --) each time it hit it.

Like China Hongxing, tomorrow would be crucial for Cosco as we can see that the long term downtrend resistance (mid pink) meets the uptrend support (low blue), as well as the 0.870 support (lightblue --).

If the 0.870 support breaks, we could see Cosco testing the 0.815 support (lowred, red --). If the 0.870 support holds, we could see Cosco attempt to build a base before attempting to test the 0.930 resistance again.



For tomorrow :

Support @ 0.870 (mid pink, lightblue --), 0.845, 0.815 (low red, red --), 0.795 (green ...)
Resistance @ 0.905 (upp red), 0.930 (mid blue, green --), 0.990 (upp blue), 1.00 (red ...)