Courtesy of Chris Kimble.
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On the last trading day of the year, its common for the media to look back over the last 12 months. I wanted to close out the year looking back a little further. From a big picture perspective the charts above continue to suggest that longer-term falling resistance lines/channels remain in place, having a large impact on the markets in 2011.
For 2012 to reflect higher prices, resistance has to be taken out!
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