Wednesday, April 7, 2010

Crude Short term view

Crude has formed a Hanging Man - Doji at top end of end of channel which is a whiplash near the top end of channel Resistance . Indicating that a Short Term top May be in place. Failure to Close abv 87 in next day or two Could drag it down to sub 82 lvls . The RSI has also Started pointing downwards again after Hitting the Overbought Zone

Reco : Short on Rise With SL above 87.3 with downsid etargets of 83.5 & 82

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