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Monday, June 11, 2012

SPAIN up 16% from the expected support level

On 17th May we expected Spain IBEX 35 to take support in the region of 6000/5870 and bounce, On 4th June it made low of around 5987.8 from where it bounced back to 6940 as of now, an upside of around 16% in a matter of just few trading session. 
Current tough Resistance at 6936/6940. Further strong only above 6936/6940, below this it could correct again.
Checkout out our past messages on the same.
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