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.

Monday, February 11, 2008

China Aviation Oil 110208

Another one that couldn't maintain its uptrend momemtum. China Aviation Oil broke below the short term uptrend support (low blue) on 6 feb but managed to find support on the downtrend resistance (upp red --).

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We may see China Aviation Oil continue to trade sideways if it fails to break the downtrend resistance (low red) and uptrend support (low blue).


For tomorrow :

Support @ 1.41 (upp red --)
Resistance @ 1.50 (low red), 1.58 (low blue)


Good Luck !!
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