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.

Tuesday, December 18, 2007

China Aviation Oil 181207

China Aviation Oil was trading almost within the support and resistance (1.97 to 2.05) which I indicated yesterday.

China Aviation Oil looks to be still on the downtrend, as it is still within the downtrend channel (green dotted and green dashed).

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I've also added another downtrend channel (thin black) which follows the lows more closely. There would only be a reversal of the downtrend provided China Aviation Oil can break up of these 2 channels (black and green - dashed / dotted).

For tomorrow :

Support @ 1.95 (green dotted) and 1.90 (black)

Resistance @ 2.02 (green dotted and black) and 2.10 (blue)

Good Luck !!
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