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.

Saturday, April 19, 2008

China Aviation Oil 180408

After hitting a high of 1.73 on 8 apr, China Aviation Oil softened but found support at the 1.57 level (green --), before rebounding up again.

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China Aviation Oil seems to be coming off the boil as the next peak on 17 apr was lower. We might see China Aviation Oil trading within the downtrend channel (red --) next week.

For monday :

Support @ 1.62 (mid red --), 1.57 (green --), 1.552 (low red --), 1.50 (green ...)
Resistance @ 1.65 (low blue), 1.66 (upp red --), 1.707 (upp blue)

Good Luck !!
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