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.

Sunday, January 13, 2008

China Aviation Oil 110108

China Aviation Oil broke through the long term support (green) today. It closed just 0.01 above the 20 nov low.

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Monday will be critical. If China Aviation Oil cannot recover above the long term support (green), then it would be trading within the downtrend channel (red dashed).

For monday :

Support @ 1.909 (lower red dotted), 1.85 (upper red dashed), 1.782 (lower red dashed)
Resistance @ 1.95 (middle red dotted), 1.989 (green), 2.024 (upper red dotted)

Good Luck !!
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