Disclaimer

Disclaimer:-Please note that all such analysis is provided by way of information only. All of the information was and should be taken as having been prepared for the purpose of reference only and that none were made with regard to any specific investment objective, financial situation or the needs of any particular person who may receive the analysis. Any recommendation or advice that may be expressed in or inferred from such analysis therefore does not take into account and may not be suitable for your investment objective.

Saturday, December 15, 2007

China Aviation Oil 141207

On 14 dec, China Aviation Oil opened just above the uptrend support (blue dotted), before breaking down and touched the long term downtrend support (green) @ 2.09

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Monday will quite important as you can see two pairs of trendlines intersecting. The long term downtrend resistance (red) meeting the uptrend support (blue dotted).

And the long term downtrend support (green) meeting the uptrend support (blue).

If the support breaks, we could see China Oil testing 2.00 again. If the resistance breaks, it still has to break another resistance @ 2.24 (red dotted). If that also breaks, next resistance could be as high as 2.36.

Good Luck !!
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