BOC stuck in range

BOC remained stuck in the tight range of 4.28-4.38 during the week, showing no sign of a quick break out of this band. A clear break on the downside below 4.28 should yield 4.20, the major support then 4.16. On the upside, a break above 4.38 should yield 4.46 to 4.53.

RSI: 62.77 5-day: 4.31 10-day: 4.25 30 day: 4.19

Supports:4.28, 4.20, 4.16 Resistance:4.38, 4.46, 4.53

S/Term: Neutral M/Term: Positive L/Term: Positive

CPB remained stuck in its tight range with a down-bias and is now heading for a test of 2.60 major support subject to a break below 2.68/2.63. On the upside, need a break above 2.77 to open the way for a move to 2.86, then 2.96.

RSI: 49.65 5-day: 2.73 10-day: 2.72 30 day: 2.72

Supports:2.68, 2.63, 2.60 Resistance:2.77, 2.86, 2.96

S/Term: Negative M/Term: Neutral L/Term: Positive

HB lost its up-momentum and is now testing first support at 1.30, break of which yields 1.26 pivot support then 1.19. On the upside, need a close above 1.34 to reinstate the momentum for a move to 1.36/1.41.

RSI: 58.59 5-day: 1.33 10-day: 1.32 30 day: 1.27

Supports:1.30, 1.26, 1.19 Resistance:1.34, 1.36, 1.41

S/Term: Negative M/Term: Neutral L/Term: Positive