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Market Bulletin

9th July 2010

RTZ – no controlling pattern but critical support beneath the market.
The Technical Trader’s view:
RIO TINTO 6000

MONTHLY CHART The market is caught between the 61.8% Fibonacci retracement resistance at 3985 and the support from the 38.2% retracement at 2865. Look closer.

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SEVEN DAYS AHEAD Professional trading guides and recommendations for the World's markets Authorised and Regulated by the FSA
E-MAIL MSTURDY@SEVENDAYSAHEAD.COM 124 REGENTS PARK ROADLONDON NW18XL WWW.SEVENDAYSAHEAD.COM TEL +44 (0) 7849 933573

This information memorandum has been prepared solely for informational purposes for customers of Seven Days Ahead and is based on publicly available information from sources believed to be reliable. It is not an offer, recommendation or solicitation to buy or sell, nor is it an official confirmation of terms. No representation is made as to the completeness or accuracy of any statements or forecasts contained herein and no responsibility or liability is accepted for losses arising from transactions undertaken or investments purchased, sold or held on its recommendation. Consequently, any persons acting on information contained herein do so entirely at their own risk. Although the opinions contained herein were considered valid at the time of release, financial markets are subject to rapid and unexpected movements. Seven Days Ahead, its associated companies, their directors, employees, other customers or connected persons may from time to time undertake transactions or deal in investments mentioned in this information memorandum or have a material interest, relationship or arrangement in relation to them.

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RIO TINTO 4300 4200 4100 4000 3900 3800 3700 3600 3500 3400

WEEKLY CHART The detail of that tight trading range in the weekly chart emphasizes the important support from the Prior Highs at 2637 and 2727 – lying just beneath the Fib support at 2865. The bears need that to be broken to gain confidence on in downside momentum.

2727 High 2637 High 38.2% 2751 Low

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SEVEN DAYS AHEAD Professional trading guides and recommendations for the World's markets Authorised and Regulated by the FSA
E-MAIL MSTURDY@SEVENDAYSAHEAD.COM 124 REGENTS PARK ROADLONDON NW18XL WWW.SEVENDAYSAHEAD.COM TEL +44 (0) 7849 933573

This information memorandum has been prepared solely for informational purposes for customers of Seven Days Ahead and is based on publicly available information from sources believed to be reliable. It is not an offer, recommendation or solicitation to buy or sell, nor is it an official confirmation of terms. No representation is made as to the completeness or accuracy of any statements or forecasts contained herein and no responsibility or liability is accepted for losses arising from transactions undertaken or investments purchased, sold or held on its recommendation. Consequently, any persons acting on information contained herein do so entirely at their own risk. Although the opinions contained herein were considered valid at the time of release, financial markets are subject to rapid and unexpected movements. Seven Days Ahead, its associated companies, their directors, employees, other customers or connected persons may from time to time undertake transactions or deal in investments mentioned in this information memorandum or have a material interest, relationship or arrangement in relation to them.

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RIO TINTO

Potential Head and Shoulders Top
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DAILY CHART The day chart adds the possibility of a Head and Shoulders Top on a breakdown through the Neckline at 2659 or so (and falling…) but we are a little way from that. Note too, the short-term support at the Fibonacci at 2858 … For the moment, there is no ruling pattern controlling the market….bear should wait for a break of the cluster of supports long medium and short-term

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2751 Low 2727 Support from Prior High 50.0% 61.8% 2637 Support from Prior High

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Mark Sturdy

Seven Days Ahead

SEVEN DAYS AHEAD Professional trading guides and recommendations for the World's markets Authorised and Regulated by the FSA
E-MAIL MSTURDY@SEVENDAYSAHEAD.COM 124 REGENTS PARK ROADLONDON NW18XL WWW.SEVENDAYSAHEAD.COM TEL +44 (0) 7849 933573

This information memorandum has been prepared solely for informational purposes for customers of Seven Days Ahead and is based on publicly available information from sources believed to be reliable. It is not an offer, recommendation or solicitation to buy or sell, nor is it an official confirmation of terms. No representation is made as to the completeness or accuracy of any statements or forecasts contained herein and no responsibility or liability is accepted for losses arising from transactions undertaken or investments purchased, sold or held on its recommendation. Consequently, any persons acting on information contained herein do so entirely at their own risk. Although the opinions contained herein were considered valid at the time of release, financial markets are subject to rapid and unexpected movements. Seven Days Ahead, its associated companies, their directors, employees, other customers or connected persons may from time to time undertake transactions or deal in investments mentioned in this information memorandum or have a material interest, relationship or arrangement in relation to them.