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.

Wednesday, January 23, 2008

China Aviation Oil 230108

Nothing much has changed since our discussion on 21 jan - China Aviation Oil is still on the downtrend. I've added a downtrend support (low red - -) which joined the lows of 2 and 4 oct.

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If China Aviation Oil cannot maintain above the downtrend resistance (upp red - -), we may see it testing the 1.20 level, as indicated by the downtrend support (low red - -).

For tomorrow :

Support @ 1.44 (upp red - -), 1.257 (low red - -)
Resistance @ 1.618 (low red), 1.735 (pink)

Good Luck !!
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