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.

Friday, December 21, 2007

China Aviation Oil 191207

China Aviation Oil hit the resistance @ 2.08 (brown and blue intersec) before closing at a low of 2.01 which is quite a bit off the support.

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Although the low was higher, China Aviation Oil is still trading within the downtrend channel (brown).

In order to reverse this down trend China Aviation Oil would first have to break the downtrend resistance of 2.03 (brown), then 2.09 (blue), and with volume.

Support @ 1.88 (brown)

Good Luck !!
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