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, March 10, 2008

China Aviation Oil 100308

China Aviation Oil broke and closed below 2 downtrend supports (low red, mid pink) today. It even came to within $0.01 of the 22 jan low.

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Would we see China Aviation Oil recovering like it did the day after 22 jan? Anyway you can see from the chart that it's a long way long to the next support (low pink).

For tomorrow :

Support @ 1.362 (low red), 1.206 (low pink)
Resistance @ 1.386 (mid pink), 1.456 (mid red), 1.526 (upp red)

Good Luck !!
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