Barclays: Money not in the bank. We look to Sell at 171.28 (stop at 176.42)
We look to Sell at 171.28 (stop at 176.42)
Previous resistance located at 170.00. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We look for a temporary move lower. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 160.82 and 151.60
Resistance: 170.00 / 175.00 / 195.00
Support: 160.00 / 151.00 / 143.00
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