Short Term Bottom

08/07/2008 12:00 am EST

Focus: MARKETS

Thomas Aspray

, Professional Trader & Analyst

The daily chart of ILF shows multiple positive divergences on the RSI suggesting a short term bottom may be in place. The weekly analysis is negative. A move above $51.40 will signal a rally to the $55 area with longer term resistance at $57.50. A close below $47 would be negative.

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