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Isnin, 27 Februari 2012

Analysis Crude Oil - 27 Feb 1149

Crude Oil (Apr 12) intraday: the downside prevails.
Update on supports and resistances.

Pivot: 109.35

Our Preference: SHORT positions below 109.35 with 107.9 & 106.75 as next targets.

Alternative scenario: The upside penetration of 109.35 will call for 110.3 & 110.9.

Comment: the RSI is bearish and calls for further downside.

Trend: ST Bullish; MT Ltd upside

Key levels Comment

110.9** Fib projection
110.3** Fib projection
109.35** Intraday pivot point

108.35 Last

107.9** Intraday suPport
106.75** Intraday support
105.8** Intraday support


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