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Thursday 4 November 2010

Crude Oil Outlook

When I see Oil Chart, I directly see a chart pattern called as Cup & Handle.
After looking at this position, I see that this commodity surely will go up, as the seasonal movement does too...

Besides the Manufacturing Index is increasing too, the movement of of it is supported by a good chart.

Rating: Long, Entry: MKT, S/L: 50 pips, TP: 87-89 in one month

Happy Investing^^
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