China Aviation Oil managed to trade out of the 3 downtrend lines (brown), but only just. Could still be going sideways for awhile.
If you look at the charts, China Aviation Oil could be poised for action in the next few days as the orange, green and blue trendlines converge.
For Monday :
Support @ 2.048 (green)
Resistance @ 2.109 (blue) and 2.149 (orange)
Good Luck !!
Friday, December 21, 2007
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