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Showing posts with label Tech or Psych. Show all posts
Showing posts with label Tech or Psych. Show all posts

Monday, 17 May 2010

Technical or psychological??

Suddenly at the end of the day, everything rebounded that surprisingly reducing short sellers profits. Hence, it might be a technical rebound that after days of black. But, for your information that underlying like Crude Oil didn't affected by the market said OPEC, that they said this declines is just a psychological decline. Which might be quite true, let's see today...

As this morning CL has dropped to it's support level at $70s & finally rebounded.

Futures are greening at the end of the day...

Tomorrow might be an optimistic day, but still we must be quite careful as this might be a bull-trap.

Happy Investing^^
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