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, February 13, 2008

China Aviation Oil 130208

If you compare the charts between 13 feb and 11 feb, you will notice that the short term uptrend channel for China Aviation Oil is now less steep, and follows the recent trend more closely.

Photobucket

I've also added a short term downtrend channel (pink --), which joined the peaks of 18 and 25 jan. You can see that China Aviation Oil just managed to 'peek' above this resistance today. And also, China Aviation Oil also traded above the long term downtrend support (low red).

If China Aviation Oil can maintain within this uptrend channel (blue), we might see it testing the 2 long term downtrend resistances (upp red, pink).

For tomorrow :

Support @ 1.493 (low blue), 1.462 (low red), 1.40 (low pink --)
Resistance @ 1.504 (upp pink --), 1.54 (upp blue), 1.59 (29, 30 jan high)

Good Luck !!
Posted by at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)