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The breakout of 12.35E (medium-term oblique support) might herald a relapse to 10.56E, the April 25th low. (photo credit: Credit Vallourec / )
(CercleFinance.com) – Vallourec suffered from the opening a surprise and for the moment unexplained fall of -10% towards 12.4E: the title unscrewed in the form of a ‘gap’ under 13.73E (following the test of zenith below 14.28E the day before), which suddenly wiped out all the gains since May 16 (and closed the ‘gap’ of 12.95E in May).
The breakout of 12.35E (medium-term oblique support) might herald a relapse to 10.56E, the April 25th low.
