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Jamie's Pick: 01/09/12

Jamie's Pick: 01/09/12

Jamie Saettele, CMT, Sr. Technical Strategist

The CADCHFF is trading at its highest since April 2011 and faces resistance from congestion from August 2010 to April 2011. A daily key reversal on Friday presents a short opportunity against Friday’s high (9375 – but account for spread if taking this trade). Initial support is 9200 (December high ). I’m targeting 9000 (December low).

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