Example

Daily UK Stock Report

March 30 2006

KEL

???????????????????????

Opinion: Bullish

Yesterday's bullish long candle and close at 806.5 has broken a resistance trendline that began from a spike up in early February, as fresh highs were registered. It would seem from yesterday's upturn that the consolidation phase of this prior move is now complete and the 2004 advance is beginning to reassert itself.

What would indicate a different scenario ?

The consolidation phase has formed a temporary base structure, which provides support at 776/770. Essentially, a close below here is required to overturn the potential for a return to 831/841.5 and the possibility of new highs thereafter.

Key bull triggers activated by closing break

KEL relative to FTSE 100

Resistances

Implications if overflowed

816/818

Confirms a return to February registered all time highs of 831/841.5 as the next event.

Key bear triggers activated by closing break

Supports

Implications if broken

789

Cancels out the bullish long candle of March-30 and is early evidence to suggest the upturn will fail. Causes a retest of key support at 776/770.

Supports and Resistance table - Nearest Levels*

Supports

789

776/770

Resistances

816/818

831/841.5

Key to abbreviation of magnitudes in descending order

Example Example