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